A source from the House of Representatives exclusively revealed to our source that the Financial Committee of the House of Representatives has approved the proposal of the Central Bank of Libya to impose a 27% fee on the exchange rate to be the applicable rate. Starting from next week, the exchange rate will be between […]
An Italian website reported today that Libya’s economic prospects remain positive in the short and medium term, largely due to relatively high oil prices. The site pointed out several problems in Libya, including the lack of a clear economic vision and the absence of economic diversification beyond the oil and gas sector. It emphasized the […]
Our source has obtained a letter from the Governor of the Central Bank of Libya to the Speaker of the House of Representatives regarding a proposal for several measures to address several issues, including adjusting the exchange rate by imposing a 27% tax on all purposes except for sectors that transfer from the public treasury. […]
The economic expert Abdullah Al-Hassi spoke to our source about the increase in the exchange rate, saying: “After the circulating and almost confirmed news about changing the exchange rate to 5.90 dinars per dollar, there remain several questions, the most important of which is: Can the central bank defend this new rate if it occurs? […]
Speaking exclusively to Sada Economic Newspaper, Mohamed Al-Sanussi, a faculty member at Misrata University, discussed the reasons for closing the personal items system. He said: “It seems that the Central Bank Governor has set a monthly ceiling for personal items, perhaps not exceeding $800 million monthly. It also seems that he allocated the same amount […]
Aman Bank disclosed in an exclusive statement to our source the number of beneficiaries in the Personal Items System for the year 2024 as of today, which is 8165 accounts. The bank also stated that the number of pending requests is 6074 accounts as of the end of March 31, 2024, and that the number […]
Deputy Director of the Research and Statistics Department at the Central Bank of Libya, Ali Al-Mabrouk, revealed in an audio statement to Libya Al Ahrar TV, as monitored by Sada Economic newspaper, the availability of recently discovered counterfeit currency in abundance in the markets, causing pressure and high demand for foreign currency. Al-Mabrouk also affirmed […]
The Liquidity Team at the Central Bank of Libya exclusively revealed to our source its commencement of transferring liquidity shipments to all regions in Libya starting from today, Sunday. Moments ago, a liquidity shipment worth 45 million dinars arrived at Benghazi’s Benina Airport from the Central Bank of Libya in Tripoli to support the balances […]
Our source obtained a correspondence from the Governor of the Central Bank of Libya to the members of the Financial Committee of the House of Representatives regarding the central bank’s initiation of a plan to withdraw the 50-dinar denomination. This comes out of concern over the increasing rates of counterfeiting, its continued circulation, and the […]
Our source has exclusively obtained a decision by the Governor of the Central Bank of Libya to form a committee chaired by the Director of Banking and Currency Supervision Department. The committee is tasked with studying the demand for foreign currency and the available revenues, aiming to achieve balance in the balance of payments by […]
The Italian strategic expert, Daniele Rovinetti, stated to tour source today, Friday, that it is certain that the gap between the Government of National Unity and the eastern Libyan government is creating a security alarm, as indicated by some recent military movements, but primarily it’s also economic. Rovinettipointed out that this division exacerbates the economic […]
In an exclusive statement to the Minister of Economy and Trade, Mohamed Al-Huwaij, said to our source: “What we mentioned in a previous statement regarding indicators indicating that 40% of the Libyan people are below the poverty line according to international standards. These indicators have been pointed out by a number of economic experts.” He […]
Our source has exclusively obtained a communication from the Central Bank of Libya to commercial banks, informing them that next Sunday, February 18, will be an official holiday in celebration of the February 17 Revolution, with work resuming on Monday, February 19. The Human Resources Management of the Central Bank of Libya also circulated to […]
Our source has obtained a communication from the Ministry of Economy’s deputy to the Director-General of Customs, that included the temporary suspension of all export operations until coordination with relevant authorities to ensure compliance with all export regulations. It also ensures the return of hard currency obtained by companies in supplying raw materials and operational […]
Our source from the Central Bank of Libya revealed that part of the January salaries will be executed through the “Aysar” project, while the remaining part will be processed through referrals to the sectors. Aysar project is aimed at accelerating salary disbursement within one day, replacing manual procedures that take several days. Additionally, the Central […]
