The Luxembourg Court of Appeal ordered the transfer of Libyan assets held by the non-profit trust fund owned by the Belgian prince, including targeting Luxembourgian banks, to the Sustainable Development Fund. According to the French website Africa Intelligence, Luxembourg will have to transfer the funds belonging to the Libyan Investment Authority in favor of the […]
Our private sources revealed, in an exclusive statement that the candidate for the post of Governor of the Central Bank of Libya, Faraj Boumtari, had been imprisoned, by order of the head of the Internal Security Authority, Lotfi Al-Harari. It is mentioned that Boumtari had run for the position of Governor of the Central Bank […]
Oil Price website stated today, Tuesday, that the commander of the armed forces, Khalifa Haftar, ordered the national army to remain on alert until reaching a fair distribution of oil wealth. The last time he issued such a warning, the oil blockade led to a decrease in production and exports. Oil companies Eni and Total […]
CBL reveals accepted bank requests to buy foreign exchange of the private and public sectors from 1/1 – to 30/06/2023. 1- Private sector:During the period from 1/1 – to 30/06/2023, the number of private sector companies and factories were (1,435) whose requests foreign exchange to cover letter of credits and other transfers were approved. Banks’ […]
This section of the report publishes the accepted bank requests to cover Letters of Credits and transfers, except for personal purposes, from 1/1 – to 30/06/2023 where it mentioned the number of companies, factories, public entities, and other entities whose applications were approved to purchase foreign exchange from 1/1 – to 30/06/2023 and has reached […]
Within the framework of the Banking and Monetary Supervision Department’s follow-up to the accepted purchase requests for letter of credits and remittances, submitted by commercial banks through the system for following-up requests for coverage, and foreign exchange sales for personal purposes, in accordance with the decision of the Board of Directors of the Central Bank […]
The Central Bank of Libya publishes its report of Commercial Banks’ Uses of Foreign ExchangeFrom 1/1 – to 30/06/2023. It reveals the Foreign Exchange Expenditures’ Movement Analysis from the mentioned period, where the total uses of foreign exchange by banks from 1/1 – to 30/06/2023 amounted to about $10,546,710,539 compared to $8,568,417,426 during the same […]
The Central Bank revealed that the expenses of the four presidencies during the first half of the year amounted to 2.7 billion dinars, and the expenditures of the Council of Ministers in the government of national unity amounted to 1.5 billion dinars The expenses of the House of Representatives amounted to more than 893 million […]
The Italian strategic expert, Daniele Rovinetti, stated today, Tuesday, to our source that: “The commander of the armed forces in the east of the country, Khalifa Haftar, wants clearly a new government because he wants a fair division of the country’s oil revenues between the east and the west.” For his part, he added that […]
The French Press Agency, AFP, reported on Tuesday that the commander of the armed forces, Khalifa Haftar, has once again threatened military action unless oil revenues are fairly divided by the end of August. Haftar stated in a speech addressed to the officers yesterday, Monday, that a committee must be formed to establish financial arrangements […]
Minister of Oil and Gas in the Government of National Unity, Mohammed Aoun, stated that the Libyan people will be the first to be affected by calls to halt production. In an interview with the Middle East newspaper, Aoun expressed his concern about the renewed calls to halt oil production in the country, emphasizing that […]
The liquidity team at the Central Bank of Libya revealed, exclusively to our source, that a liquidity shipment arrived today, Saturday, at a value of 18 million dinars, to Ghat City Airport. 10 million was allocated to the National Commercial Bank branch and 8 to the branches of the North Africa Bank. The liquidity team […]
Research and statistics Department in the Central Bank of Libya published today the report on inflation for the month of May 2023 Data released by the Bureau of Statistics and Census – Ministry of Planning indicate that the consumer price index increased by 7.3 points on an annual basis during May 2023 to record 295.2 points, compared to 287.9 points during the same month of 2022, which means that the inflation rate reached (2.5%). Hence, on a […]
Data released by the Bureau of Statistics and Census – Ministry of Planning indicate that the consumer price index increased by 6.6 points on an annual basis during April 2023 to record 295.0 points, compared to 288.4 points during the same month of 2022, which means that the inflation rate of reached (2.3%). Hence, on […]
The total uses of foreign exchange by banks from 1/1 – to 31/05/2023 amounted to about $8,736,159,886 compared to $7,062,872,826 during the same months of 2022, with an increase of about $1,673,287,060 million, and a growth rate of 23.7%. The letters of credit accounted for 55.1% of total bank uses of foreign exchange, personal purposes […]
