CBL to release $750 M LCs for January imports pending 2017 budget approval

By Sami Zaptia. London, 16 January 2017: The Tripoli-based Central Bank of Libya (CBL) is to release US$ 750 million in the form of Letters of Credit (LCs) to cover imports for the month of January – pending the approval of the 2017 ‘‘budget’’. A leaked document dated 9 January and signed by Governor Saddek … Continue reading CBL to release $750 M LCs for January imports pending 2017 budget approval