# Libyan oil revenue and financial coordination disputes > Developing situation record from CLSTR: https://clstr.news/situations/libyan-oil-revenue-and-financial-coordination-disputes > Updated: 2026-11-08T09:20:37.000Z. Sources: 2. Developments: 2. In October 2026, the Central Bank of Libya (CBL) reported receiving $934 million in oil revenues, a figure that followed a period of rapid increases in reported deposits. This reporting occurred amidst a dispute with the National Oil Corporation (NOC) regarding revenue volumes and accounting methods. While the NOC claimed transfers reached $1.448 billion earlier in the month, the CBL maintained that its figures only reflected confirmed deposits in its accounts, noting that discrepancies were partly due to financial mechanisms involving fuel import cost settlements. By November 2026, these reporting discrepancies between the NOC, the CBL, and the Audit Bureau highlighted a lack of a unified reporting framework. In response, a joint committee comprising the CBL, NOC, Ministry of Finance, and the Libyan Foreign Bank was established to reconcile data. Additionally, the Ministry of Finance addressed broader economic challenges by restoring the customs dollar rate to 2.12 LYD per US dollar, reversing a recent increase to 4.80 LYD that had proven difficult to implement consistently across the country’s borders and ports. ## Timeline ### 2026-11-08: Libya faces institutional coordination and customs rate challenges Libya is working to reconcile conflicting oil revenue reports through a new joint committee and has restored its customs dollar rate to 2.12 LYD following implementation difficulties. 2 sources. https://clstr.news/cluster/libya-faces-institutional-coordination-and-customs-rate-challenges ### 2026-10-18: Central Bank of Libya reports $934 million in oil revenues The Central Bank of Libya reported that oil revenue deposits reached $934 million as of October 18, following a period of rapid increases and accounting disputes with the National Oil Corporation. 2 sources. https://clstr.news/cluster/central-bank-of-libya-reports-934-million-in-oil-revenues --- Cite as: Libyan oil revenue and financial coordination disputes. CLSTR, https://clstr.news/situations/libyan-oil-revenue-and-financial-coordination-disputes