The Central Bank of Libya (CBL) published today, May 5^th, 2025, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 31^st May 2025 and provides details of all sectors..

For more details, please visit our official website: Click here

In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]

As part of the ongoing efforts led by the Libyan National Committee for Combating Money Laundering and Terrorism Financing (AML/CFT) to strengthen the national AML/CFT framework, and under the sponsorship of the Governor H.E. Naji Mohammed Issa, in his capacity as Chair of the National AML/CFT Committee, the Libyan Financial Information Unit officially launches the national AML/CFT system, goAML.

The goAML platform, enables financial institutions and other reporting entities to submit suspicious transaction reports securely and electronically, while enhancing strategic analysis capabilities and cooperation with law enforcement and prosecution authorities and improves feedback mechanism across national entities.

This milestone underscores Libya’s dedication to aligning with FATF standards and marks a significant step toward enhancing transparency, safeguarding confidentiality, and improving operational efficiency in the fight against financial crime.

Commercial banks have already begun integrating the platform into their operations, with reporting officers registered and actively accessing the system, paving the way for its full-scale implementation in the monitoring and analysis of suspicious transactions.

The Governor of the Central Bank of Libya, H.E. Mr. Naji Mohammed Issa, held a meeting with heads of major commercial banks. The meeting was attended by several members of the Bank’s Board of Directors, senior officials from relevant departments, and the General Manager of Moamalat Financial Services Company on Wednesday, April 30, 2025.

The meeting covered a range of topics, including the commercial banks’ preparations and needs to keep pace with the Central Bank’s plan to provide cash liquidity, as well as the ongoing efforts by bank branches to finalize the withdrawal of the 50-dinar banknote. Discussions also addressed the enhancement of electronic payment services.

At the conclusion of the meeting, the Governor commended the efforts of bank employees in improving the quality of banking services provided to citizens. He encouraged further efforts, particularly in the development of digital and technical infrastructure for electronic and instant payment services, to support a gradual shift toward digital transformation. He also emphasized the importance of ensuring that all bank branches are prepared to distribute liquidity starting next week, following the completion of the 50-dinar withdrawal process and the provision of new banknote issuances through teller windows and ATMs.

Mr. Governor Naji Mohammed Issa received Mr. Ömer Bolat and his accompanying delegation at his office in Tripoli on Wednesday, April 30th, 2025, joint by directors of the relevant departments from the Central Bank of Libya .

Mr. Bolat, the Turkish Minister of Trade, commenced his visit to Libya with a meeting with the Governor and a visit to the Central Bank of Libya, aimed at strengthening cooperation and trade exchange between the two countries.

During an extensive meeting, several joint issues were discussed, foremost among them the resolution of difficulties faced by Libyan banks and Turkish companies due to the unsettled letters of guarantee dating back to 2011. The meeting also explored ways for leading Turkish companies in the field of construction to contribute to development and reconstruction projects in Libya.

Furthermore, new prospects were discussed for other vital sectors, in line with the Central Bank of Libya’s vision to diversify the economy and broaden sources of income. Key sectors include industry, agriculture, tourism, and natural minerals. In return, efforts will be made to ease challenges for Libyan companies and encourage them to increase Libyan exports to Turkey.

IMF mission’s concluding statement has been published on the IMF’s official website.

Please click on the link to access the concluding statement:

https://www.imf.org/en/News/Articles/2025/04/15/mcs-04162025-libya-staff-concluding-statement-of-the-2025-article-iv-mission

The Central Bank of Libya (CBL) published today, March 6^th, 2025, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 28^th Feb 2025 and provides details of all sectors.

For more details, please visit our official website: Click here

In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]

As part of the Central Bank of Libya’s policy to achieve the highest levels of disclosure and transparency across all sectors, and out of its commitment to fulfilling its designated role by covering the letters of credit submitted by commercial banks through the coverage system for importing various goods and services, in order to meet the needs of the local market on the occasion of the holy month of Ramadan,
the Central Bank of Libya has covered all letters of credit submitted by commercial banks from 01/11/2024 to 20/02/2025, with a total value of approximately $6.5 billion. These goods are expected to be available in the local market during this period.

In publishing this statement, the Central Bank of Libya emphasizes that any increase in the prices of these goods and services, especially food products, is unjustified compared to the volume of opened letters of credit. Therefore, such price increases are not due to delays in supply but are attributed to various reasons beyond the scope of the banking sector.

The attached documents provide detailed information about these goods and services, and the supplying companies.

The Central Bank of Libya (CBL) announces that H.E. Governor Naji Mohammed Issa has approved the issuance of licenses for 64 exchange companies and offices, as per the attached list. In this regard, the CBL also announces the extension for the submission of documents for companies that have received preliminary approval but faced difficulties in completing their procedures, until the at end of February 2025. Furthermore, the Bank announces the opening of applications for new preliminary approvals to establish exchange companies and offices, starting from 1^st of March, until 30^th of June 2025.

The Central Bank of Libya (CBL) published today, January 13^th, 2025, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 31^st Dec 2024 and provides details of all sectors.

For more details, please visit our official website: Click here

In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]

The Central Bank of Libya (CBL) published today, December 8^th, 2024, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 30^th Nov 2024 and provides details of all sectors.

For more details, please visit our official website: Click here

In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]