The Central Bank of Libya agreed on Wednesday to issue letters of credit to importers in a bid to end hike in food prices and cash shortages in the country's banks.
Read moreThe Head of the Media Bureau in the Central Bank of Libya, Essam Al-Oul, has disclosed that the amount of money circulating outside the banking sector is more than LYD24 billion, all of which owned by businesspersons.
Flights in Libya will be stopped on March 13 if certain demands were not met, the General Union of Workers has warned, a step that would bring all Libyan airports to a standstill.
Read moreThe General Union of Air Transport has reached a compromise with Libyan Airlines Company to suspend the
Read moreThe Finance Minister in the National Salvation Government, Younis Al-Burasi, said his ministry is currently preparing the 2016 budget amid a very bad economic situation, high prices, financial corruption and deficit in covering
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