{"id":31648,"date":"2020-04-08T20:55:12","date_gmt":"2020-04-08T20:55:12","guid":{"rendered":"https:\/\/tabadul.demo.ly\/en\/cbl-libyas-oil-revenues-in-first-quarter-of-2020-was-1-9-bln-dinars\/"},"modified":"2020-04-08T20:55:12","modified_gmt":"2020-04-08T20:55:12","slug":"cbl-libyas-oil-revenues-in-first-quarter-of-2020-was-1-9-bln-dinars","status":"publish","type":"post","link":"https:\/\/tabadul.tv\/en\/cbl-libyas-oil-revenues-in-first-quarter-of-2020-was-1-9-bln-dinars\/","title":{"rendered":"CBL: Libya\u2019s oil revenues in first quarter of 2020 was 1.9 BLN DINARS"},"content":{"rendered":"\n

The Tripoli based Central Bank of Libya (CBL) announced in its latest statistical bulletin today that Libya\u2019s oil revenues totalled 1.9 billion dinars ($1.3 billion) in the first quarter of the year.<\/p>\n\n\n\n

The CBL stressed that it provided all the money requested by the Ministry of Health as well as the Medical Supply Organization in support of its anti-Coronavirus efforts, adding that it paid this year\u2019s salaries for January, February and March.<\/p>\n\n\n\n

The CBL emphasized that the stoppage of oil production and export during the first quarter of 2020 has led to direct losses of more than US$ 4 billion<\/em><\/strong> amidst the collapse of oil prices in the international market.<\/p>\n\n\n\n

The total oil revenues received at the Central Bank of Libya for the above period reached 4.771 billion LYD<\/em><\/strong>, of which 2.871 billion LYD<\/em><\/strong> for oil exported during the month of December 2019, and 1.900 billion LYD<\/em><\/strong> the resultant of the total oil export during the first quarter of 2020.<\/p>\n\n\n\n

Telecommunications revenues were at 228 million LYD,<\/em><\/strong> and they represent the revenues due for the year 2019.<\/p>\n\n\n\n

Revenues from the hard currency levy were at 6.110 billion LYD<\/em><\/strong>, among which a total of 525 million LYD<\/em><\/strong> were allocated to finance the expenses of part III of the financial arrangements during the first quarter of 2020.<\/p>\n\n\n\n

The bank alerted to the low amounts of non-oil sovereign revenues, calling on the relevant parties to improve their collection\u00a0measures.<\/p>\n\n\n\n

The statement declared that 169 million LYD<\/em><\/strong> were spent on subsidies for medical supplies, 850 million LYD<\/em><\/strong>\u00a0on fuel, and 57 million LYD<\/em><\/strong> were spent on subsidies for water and sewage. <\/p>\n\n\n\n

Total foreign exchange payments amounted to 4.267 billion USD<\/em><\/strong>, of Which 2.775 billion USD<\/em><\/strong> spent to finance the accounts of commercial banks including 79 million LYD<\/em><\/strong> <\/em>for the household head’s provision, 1.263 billion USD<\/em><\/strong> for trade finance, 1.433 billion USD<\/em><\/strong> for personal transfers for studying abroad and medical treatment, salaries of expatriates, insurance, aviation, as well as payment of personal purposes for the citizens.<\/p>\n\n\n\n

1.492 billion USD<\/em><\/strong> for government transfers, including 497 million USD<\/em><\/strong> spent on foreign litigation expenses and foreign transfers for the Finance Ministry, 768 million USD<\/em><\/strong> for the National Oil Corporation covering fuel subsidies and other NOC expenses, and 245 million USD to cover the letters of credit for other public bodies.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

The Tripoli based Central Bank of Libya (CBL) announced in its latest statistical bulletin today that Libya\u2019s oil revenues totalled 1.9 billion dinars ($1.3 billion) in the first quarter of the year. The CBL stressed that it provided all the money requested by the Ministry of Health as well as the Medical Supply Organization in […]<\/p>\n","protected":false},"author":1,"featured_media":37029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[9812],"class_list":["post-31648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank-of-libyaexpendituresfirst-quarter-of-2020revenues"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=31648"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/31648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/37029"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=31648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=31648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=31648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}