Libya continued to privatise goods and services in 2006 in its bid to give private industry a greater role in the economy.
Legislation passed in 2005 has led to a more independent Central Bank of Libya. The Banking Law Number 1 allowed the central bank greater autonomy in deciding monetary and credit policy, and banking supervision.
Libya and Tunisia have signed a currency exchange agreement of the Libyan and Tunisian dinar.
Libya's top legislative and executive body has appointed Farhat Omar Bin Guidara as the new central bank governor, replacing Ahmed Mohammed Moneisi.
The Libyan "Leader of the Revolution" Colonel Muammar Gaddafi has called for the establishment of an African Central Bank.
The deputy governor of the central bank of Libya, Farhat Qidra, said on Friday 20 June " The official foreign exchange rate has become unified now", according to the Arabic News. Previously different exchange rates applied for private companies and persons...
LIBYA - Libya has split the finance and economy ministry and appointed a new central bank governor in a minor government reshuffle, officials said on Mar 26, 2001.
Libya plans to unify its two-tier foreign exchange system by the end of 2001 in a move that would also seek to protect foreign investors from fluctuations, a government minister said on Tuesday.