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Central Bank of Libya

 

Central Bank of Libya Logo

The Central Bank of Libya (CBL, Arabic: مصرف ليبيا المركزي) is fully state ownership and represents the monetary authority in The Great Socialist People’s Libyan Arab Jamahiriya.

 
 

CBL enjoys the status of autonomous corporate body and the law establishing the CBL stipulates that the objectives of the Central Bank shall be to maintain monetary stability in Libya, and to promote the sustained growth of the economy in accordance with the general economic policy of the state. The CBL is the sole issuer of Libyan currency (banknotes and coins).

Management of the general affairs of the Bank within the policies of the country is entrusted to a Board of Directors consisting of the Governor as chairman, Deputy Governor as Vice-Chairman, and Six other members, who usually represent other financial and economic interests. The Governor is the chief executive officer responsible for the implementation of the policy of the Bank and the management of its affairs; he also represents the Bank in all its relations with other parties.


The functions of the CBL have grown since its establishment, and now include the following :

 1. Issuing and regulating banknotes and coins in Libya.
 2. Maintaining and stabilizing the Libyan currency internal and external.
 3. Maintaining and managing the official reserves of gold and foreign exchange.
 4. Regulating the quantity, quality and cost of credit to meet the requirements of economic growth and monetary ability.
 5. Taking appropriate measures to deal with foreign or local economic and financial problems.
 6. Acting as a banker to the Commercial banks.
 7. Supervising Commercial banks to ensure the soundness of their financial position and protection of the rights of depositors and shareholders.
 8. Acting as a banker and fiscal agent to the state and public entities.
 9. Advising the state on the formulation and implementation of financial and economic policy.
 10. Supervising foreign exchange.
 11. Managing and issuing all state loans.
 12. Carrying out any other functions or transactions normally performed by central banks, as well as any tasks charged to it under the Law of banking and currency and credit or any international convention to which the state is a party.

Therefore, the Central Bank was expected to play an important role in achieving these functions, not only indirectly by maintaining monetary stability, but also directly by promoting the development and expansion of the financial system and directing credit to areas with the greatest development potential.
 

Central Bank of Libya HQ Location Map

Central Bank of Libya
HQ Address: Central Bank of Libya Building
Al Fatah Street
Tarabulus
Tripoli
Libya
Tel: +218 21 333 3591
Fax: +218 21 444 1488
Website: www.cbl.gov.ly
Swift Code: CBLJLYLY
Currency: Libyan dinar
Banking Hours:
Saturday - Thursday : 8.00am - 4.00pm
 

 


The head office of the Central Bank is in Tripoli. However, to make the CBL services more accessible to commercial banks branches and public departments located far from the head office, the CBL has three branches located in Benghazi, Sebha and Sirte.
 
 

List of banks in Libya governed by the Central Bank of Libya
Bank Name Telephone Fax Website
Gumhouria Bank (041) 631960-61 (021) 3610594 www.gumhouria-bank.com
National Commercial Bank (021) 3612429 (021) 446705 www.ncb.ly
Sahara Bank (021) 3332771 (021) 3337922 www.saharabank.com.ly
AL Umma Bank (021) 3332888 (021) 3332505 www.umma-bank.com
Wahda Bank (061) 24519 (061) 2224122 www.wahdabank.com
Commerce & Development Bank (061) 2229630 (061) 9097115 www.bankofcd.com
Aman Bank For commerce & Investment (021) 3350216 (021) 3350386 N/A
Al-Wafa Bank (021) 4815124 (061) 4815123 www.alwafabank.com
Alejmaa Alarabi Bank (061) 9090128 (061) 9099706 www.alejmaa.com
Mediterranean Bank (061) 9098386 (061) 9099564 www.meditbank.net
National Banking Corporation (021) 4448623 (021) 3330896 N/A
Saving and Real-Estate Investment Bank (021) 4449306 (021) 4449309 www.eddekharbank.com
Agricultural Bank (021) 333541 (021) 3333545 N/A
Development Bank (021) 4446622 (021) 4802048 N/A
Libyan Foreign Bank (021) 3350155 (021) 3350165 www.lafbank.com
Alsaraya Trading And Devolpment Bank (021) 4447692 N/A N/A

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