A source at the Central Bank of Libya exclusively revealed to our source that, in celebration of Eid al-Adha and in coordination with the Banking Supervision and Currency Department, the cash withdrawal limit at ATMs of various banks has been increased to 1000 dinars daily and 1500 dinars weekly during the holiday. For instance, a […]
National Commercial Bank exclusively announced to our source that its branches will be open for 8 to 12 hours on Friday and Saturday. The bank also confirmed that cash will be delivered to the cities of Sebha and Ghat tomorrow, Saturday.
The Minister of Economy and Trade, Mohamed Al-Huwaij, revealed in an exclusive statement to our source the reasons behind the rising prices of sacrificial animals with the approach of Eid al-Adha. He stated: “There are several combined reasons, including the depreciation of the Libyan dinar, the imposition of a 27% tax, rising fodder prices, diseases, […]
Our source has exclusively obtained a correspondence from the Finance Minister of the Government of National Unity to the Chairman of the National Oil Corporation. The minister stated that the Ministry of Finance is responsible for preparing the general budget in cooperation with various government entities. It is also responsible for distributing budget allocations and […]
A livestock trader exclusively spoke to our source regarding livestock prices, particularly with the rising prices and the approaching Eid al-Adha. He stated that national prices range from 1500 to 3000 per head, and they have about 700 heads of sheep. He added: “The prices of fodder have increased compared to before, with fodder prices […]
Member of Parliament Abdul Moneim Al-Arfi spoke exclusively to our source, stating: “We are awaiting the report from the committee formed by the House of Representatives to study the imposition of a 27% tax on the sale of foreign currency. So far, the committee has not submitted any report.” He added: “Only the committee will […]
Our special source revealed that the first session of the economic dialogue was held in Tunisia. The session was attended by the Governor of the Central Bank of Libya and his deputy, the head of the Audit Bureau, representatives from the Government of National Unity, the Libyan government, the House of Representatives, the U.S. Treasury […]
The Greek Consulate stated to the Economic Sada newspaper on Wednesday that there is no specific date for the return of Greek flights, and there is no information regarding the resumption of the airlines. It is worth noting that discussions last week focused on encouraging the return of Greek companies to Libya and the resumption […]
Our special source revealed that there is a trend to reduce the tax on the exchange rate. This is expected to happen by the end of June 2024, along with the agreement to approve a unified budget.
Our special source revealed in a statement that the balance of Libyana Mobile Phone Company in the bank before the arrival of its current president, Mohamed Ben Ayad, the telecommunications holding company, was 3.88 billion dinars, as shown in the records of Libyana, which Sada exclusively published with documents. According to the source, on April […]
The French website Africa Intelligence revealed today, Monday, that the Speaker of Parliament in Eastern Libya, Aguila Saleh, owns countless corruption networks. The French website pointed out that Saleh’s corruption networks are related to tax imposition, and he angered legislators when he imposed a tax on foreign currency. However, the Speaker of the House enjoys […]
The National Oil Corporation and its subsidiaries have recently revealed increased production rates through the exploration and rehabilitation of several wells. The transition from observation well (HH59-65) to a production well in the Masla oil field by the Arabian Gulf Oil Company resulted in a production rate of approximately 2,104 barrels per day. Similarly, the […]
A number of business owners exclusively disclosed to our source the freezing of their accounts at Wahda Bank starting from April 29, 2024. They reported deductions from their accounts without the bank specifying the deducting entity. The deposits were made into their accounts through legitimate procedures by the bank (internal transfer checks). However, they were […]
In a conversation with our source, Jalel Al-Harchaoui, a Libya affairs expert at the Royal United Services Institute, confirmed that a currency trader at Wahda Bank in Benghazi allegedly deposited checks worth 280,000 dinars and immediately cashed them out despite the checks not being backed by corresponding deposits in another bank. As a result, all […]
Our source has obtained a correspondence from the Director of the Supervision Department at the Central Bank of Libya addressed to the Chairman of the Board of Directors of Sahara Bank. The correspondence invites the Board of Directors and the Supervisory Committee to attend a meeting scheduled for Thursday, June 6, at the Supervision Department’s […]
