The price of flour increased from 210 Libyan dinars ($46) last week to 275 Libyan dinars ($60) on Sunday, confirmed Khreis Muhammad, chairman of Libya’s Bakers Union.
The Central Bank of Libya (CBL) confirmed on Tuesday that commercial banks across the country has cash balances of more than 2.7 billion Libyan dinars (435 million US dollars), Sada newspaper reports.
Saddek El Kaber, Governor of the Central Bank of Libya (CBL), will be in Washington next month for talks with U.S. officials, announced the American embassy on Sunday.
Saddek El Kaber, Governor of the Central Bank of Libya (CBL), held talks on Sunday with U.S. Special and Envoy and Ambassador to Libya, Richard Norland, and Deputy Assistant Secretary of the Treasury Eric Meyer, said the American embassy in Libya.
Dozens of Libyans lined up today in front of the Savings and Real Estate Investment Bank in Tripoli to apply for housing loans which incumbent Prime Minister Abdul Hamid Dbeibeh promised.
Libya’s incumbent Prime Minister Abdul Hamid Dbeibeh announced a series of populist spending plans on Friday as he sought to strengthen his position against a push by the parliament to replace him with the premier-designate Fathi Bashagha.
Saddek El-Kaber, the governor of the Central Bank of Libya, is facing international pressure to cut funding for the Government of National Unity, led by incumbent Prime Minister Abdul Hamid Dbeibeh, diplomatic sources told The Libya Update.
Saddek Omar El Kaber, the governor of the Central Bank of Libya (CBL), held a telephone conversation on Wednesday with British Ambassador Carolin Hurndall to discuss “issues of common interest,” according to a short statement by the bank.
Libya’s public debt has reached 155 billion Libyan dinars (33 billion US dollars) as of this year, revealed a member of the government’s financial reform committee.