Central Bank of Libya
 |
|
| Headquarters | Al Fatah Street, Tripoli |
|---|---|
| Established | 1956 |
| Governor |
Ali al-Hibri for HR Sadiq al-Kabir for PC |
| Central bank of |
 Libya
|
| Currency |
Libyan dinar LYD (ISO 4217) |
| Preceded by | Libyan Currency Committee |
| Website | cbl.gov.ly |
The Central Bank of Libya (CBL) is the monetary authority in Libya and enjoys the status of autonomous corporate body. 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 headquarters 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 headquarters, the CBL has three branches located in Benghazi, Sabha and Sirte.
In March 2011, the governor of CBL, Farhat Bengdara, resigned and defected to the rebelling side of the Libyan Civil War, having first arranged for the bulk of external Libyan assets to be frozen and unavailable to the Gaddafi regime. As of September 2011, the bank's governor is Kassem Azzuz.
The CBL was founded in 1955 under Act no. 30 (1955) started its operations on 1 April 1956 under the name of National Bank of Libya, to replace the Libyan Currency committee which was established by the United Nations and other supervising countries in 1951 to ensure the well being of theWeak and poor Libyan economy. The primary aims of the Libyan Currency committee were to assist Libya in creating a unified currency in all three provinces.
The Bank's name was changed to Bank of Libya under Act no. 4 (1963), then to its current name Central Bank of Libya after 1969 coup d'état.
The governing structures of the Bank are:
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 tasks of the governor include:
This is list a governors of The Central Bank of Libya since its establishment. The Bank endured twice an administration split, first during the first civil war, (February–August 2011), then from September 2014 on, as a result of the ongoing civil war.
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