Libya’s Tripoli-based Government of National Accord has declared a state of emergency over the coronavirus and will close all air and sea ports from Monday, Prime Minister Fayez al-Serraj said on Saturday. Serraj also said, in a broadcast address, that his internationally recognised government had earmarked 500 …

Brent and U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude LCOc1 was down $4.03, or almost 12%, to $29.82 a ba…

The Libyan Presidential Council called on the Central Bank of Libya (CBL) to resume selling foreign currencies for trade and personal reasons at the fee-added rates – 163%. This decision was made on Sunday as a response to the CBL’s request to increase the fees imposed on the foreign currency transactions. Qu…

Today, the Ministry of Finance announced that January and February salaries of 2020 will be transferred to the Central Bank of Libya so that it diffuse them to the public authorities’ accounts. This came after a meeting held by the Governor of the Central Bank of Libya Saddek El-Kabeer, along with the Chairman …