The United States Agency for International Development (USAID) has funded Libya with more than $18.2 million to combat the Coronavirus. The agency said in a statement that the total US aid to Libya has amounted to about $850 million since 2011 in order to meet urgent humanitarian needs and support the comprehens…

The Ministry of Finance announced that it has forwarded to the Department of Banking Operations at the Central Bank of Libya (CBL) permission for payment of salaries for the month of October to all institutions funded by the public treasury. According to a statement by the ministry, this step would be followed b…

The US first persuaded the secretive Central Bank of Libya (CBL) to open its books, with financial services firm Deloitte commissioned to produce an audit. A Libyan peculiarity is that, while the GNA is nominally in charge of the CBL, the bank refuses to disclose its balance sheet of foreign reserves to them o…

The GNA’s Presidential Council (PC) extended the period of importing goods by traders without committing to the banking payment mechanisms in force through the Central Bank of Libya (CBL) until December 31, 2020. The Deputy Director of the Customs Authority circulated to all competent authorities the PC’s decisi…