Central Bank of Libya

The Central Bank of Libya (CBL) is the monetary authority in Libya. Recent news highlights its role in confirming the approval of a unified state budget by Libya's rival legislative bodies. This marks the first time in over a decade that the country, fractured by years of conflict and divided between two legislative bodies, has achieved such an agreement. The CBL's confirmation of the budget approval signals a significant step towards overcoming political divisions and unifying the country's financial governance. The agreement, facilitated under the auspices of the United States, has been lauded by the United Nations Support Mission in Libya (UNSMIL). The CBL's involvement underscores its importance in stabilizing Libya's economy and fostering cooperation between different factions.