The Central Bank of Libya (CBL) is 100% state ownership and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the Central Bank shall be to maintain monetary
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INVITATION TO SUBMIT AN EXPRESSION OF INTEREST To Set Up a Subsidiary in Libya
An important part of Libya’s financial sector reform strategy is to allow foreign banks to operate in the country. In this context, the CentralBank of Libya (the “Central Bank”) will issue two licenses to foreign banks who would have an ownership of up to 49% in the new banks withfull management control. The remaining 51% will be owned by domestic investors. The Central Bank will be handling all issues related to theissuance of the two licenses and will mobilize
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