Editing Economy of Libya (section)

==External trade and finance==
[[File:2006Libyan exports.PNG|thumb|350px|Libyan export destinations in 2006.]]
The Government is in the process of preparing a financial sector reform program. Recent legislation setting corporate governance standards for financial institutions makes progress towards better management and greater operational independence of public banks. However, Libyan public banks still lack management structures supported by skills in critical areas like [[credit (finance)|credit]], investment, [[risk management]], and information and control systems.

The new banking law reinforces the independence of the [[Central Bank of Libya]] (CBL) and offers a legal framework for regulating banking activities, even if some provisions call for improvement. Despite progress brought by the new banking Law that specifies and limits its duties and responsibilities, the CBL remains the owner of the public banks, with the associated potential conflict of interest between ownership and regulation.

Financial sector reform has also progressed with partial [[interest rate]] [[liberalization]]. Interest rates have been liberalized on deposits, while a lending rate ceiling has been set above the [[discount window|discount rate]]. The [[Libyan Stock Exchange]], established in 2007, is the first exchange of its kind in the country.

In 2011, [[Libya Oil Holdings]] had its €38m stake in Irish exploration firm [[Circle Oil]] frozen on foot of a [[European Union]] order that's been put in place to put pressure on the [[Gaddafi regime]].<ref>{{Cite web |url=http://www.independent.ie/business/irish/libya-stake-in-circle-oil-frozen-as-eu-turns-screw-on-gaddafi-2576731.html |title=Libya Stake in Circle Oil Frozen |access-date=13 March 2011 |archive-date=13 March 2011 |archive-url=https://web.archive.org/web/20110313231738/http://www.independent.ie/business/irish/libya-stake-in-circle-oil-frozen-as-eu-turns-screw-on-gaddafi-2576731.html |url-status=live }}</ref>

Tunisia's exports to Libya, exceeding 18% growth between 2020 and 2024.<ref>{{cite web |url=https://www.libyanexpress.com/tunisia-reports-marked-growth-in-exports-to-libya/ |title=Tunisia reports marked growth in exports to Libya |work=Libyan Express |date=24 April 2025|access-date=24 April 2025}}</ref>

Two trans-African automobile routes pass through Libya:
* [[Cairo-Dakar Highway]]
* [[Tripoli-Cape Town Highway]]