Our source obtained exclusively a letter from the Director of the Supervision and Monetary Control Department at the Central Bank of Libya, Naji Issa, to the General Managers of banks. The letter discussed the Central Bank of Libya’s instructions regarding granting the banks operating in Libya the authority to execute requests submitted by industrial companies […]
The liquidity team at the Central Bank of Libya revealed, in an exclusive statement to our source, that a liquidity shipment worth 60 million dinars arrived at Benina Airport in Benghazi this evening, coming from Tripoli, for branches of Sahara Bank. The liquidity team at the Central Bank of Libya confirms communication with the concerned […]
The spokesperson for the Municipal Guard Agency, Ahmed Al-Na’im, spoke to the our source about the latest developments in price control, saying: “The chamber located at Janzur Municipal Guard Officers College monitors all prices formed and provides its results in real-time to the specialized committee formed, which is currently chaired by the head of the […]
Our source obtained exclusively the report of the Banking and Monetary Supervision Department on Commercial Banks’ Uses of Foreign Exchange during the period (1/1 – 28/2/2023) The total uses of foreign exchange by banks from 1/1 – to 28/2/2023 amounted to about $3,078,886,837 compared to $2,676,748,043 during the same months of 2022, with an increase […]
An important meeting was held today, Friday 03/03/2023, in Tunisia, between all departments’ directors of the Central Bank of Libya, (Tripoli and Benghazi), in order to continue the unification process. The meeting witnessed exchanging views, and many issues of common interest were discussed in a positive atmosphere. Further, the two parties agreed to hold more […]
The Research and Statistics Department of the Central Bank of Libya has issued a report on the most important financial data and indicators for Libyan commercial banks for the year of 2022. The report contained deep details of financial data and indicators, in addition to a special chapter on financial soundness indicators. The total assets […]
The British newspaper, The Sun, reported on Sunday that Scottish police have been ordered to double their efforts to search for billions of dollars stolen using fake building contracts by officials in the regime of Muammar Gaddafi. According to the newspaper, the Prime Minister appointed by the Parliament, Fathi Bashaga, has called on the Scottish […]
Our source has obtained exclusively a letter from the Insurance Supervision Authority, which indicates the preparation for the completion of the issuance of the mandatory insurance system in line with the government’s direction towards digital transformation. In order to develop solutions and treatments for the distortions that accompanied the issuance of documents, ensuring the protection […]
According to the International Transparency Organization, Libya ranks 171 out of 180 countries on the global corruption index, with very little of Libya’s oil revenues supporting the needs of the people. The organization added that the Audit Bureau plays an important role in government oversight and combating corruption. In a historic precedent for Libya, the […]
Our source obtained exclusively the statement of the Libyan Investment Authority, regarding the ruling of the Brussels Court of Appeal in Belgium. The Authority added: “As part of the Authority’s strategy to protect its assets and confront the measures taken by the Belgian judicial authorities on its funds deposited with Euroclear Bank Brussels, which are […]
An official source revealed new details about the Waha Bank case, which led to the investigations of the representative’s office, to pre-trial detain its officials. He said: “The management of Waha Bank lends more than 1.2 billion dinars to companies owned by the contribution of Libyan businessmen from the city of Warshafana, A. M. Q., […]
The liquidity team at the Central Bank of Libya revealed, exclusively to our source, that a shipment of liquidity worth 60 million dinars has arrived at Sebha airport, coming from Tripoli to the Sebha Issuance Department. This is within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of […]
The legal advisor Hisham Al-Harati stated exclusively to our source, that: “The role of the control authorities is complementary to each other to achieve transparency and combat corruption, as the Libyan legislator gave the task of examining, auditing and reviewing the accounts to the Audit Bureau, and in order to achieve the highest rates of […]
Our source exclusively obtained a copy of the report of the Banking and Cash Control Department at the Central Bank of Libya during January 2023. It included the banks’ uses of foreign exchange during the month of January 2023, which amounted to about $1,525,729,327, compared to $1,195,530,238 during the same month of the last year […]
The International Monetary Fund expected global growth rates, and the Libyan economy in 2023 to be in advanced positions globally and the strongest in Africa and the Middle East. This is after the recovery recorded by the Libyan economy and the increasing rates of investment spending on the oil sector and development projects. The stability […]
