News Archive
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Exclusive: Al-Daghari Affirms Central Bank’s Responsibility for Foreign Currency Fees, Backed by Aguila Saleh’s Stance
Khalifa Al-Daghari, a member of the Financial Committee of the House of Representatives, exclusively stated to our source on Wednesday, March 13, that imposing a fee on the sale of foreign currency falls under the jurisdiction of the Central Bank of Libya, and as a parliament, we have been informed about this issue. Regarding the […]
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Exclusive: Between Approval and Opposition.. Parliament Divided into Two Camps on Exchange Rate Adjustment Issue
Our source has exclusively obtained a statement from 34 members of the House of Representatives, where the members held the Central Bank of Libya Governor fully responsible for the economic situation in the country, as he is tasked with managing monetary policy in coordination with fiscal and commercial policies, and in accordance with the state’s […]
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Exclusive: Al-Daghari to Sada: “Financial Committee Agrees to Exchange Rate Adjustment Preliminarily.. Details of Today’s Meeting with the Central Bank”
Member of the Financial Committee in the House of Representatives, Khalifa Al-Daghari, exclusively revealed to our source the committee’s meeting today with the Governor of the Central Bank of Libya and the Director of Banking and Monetary Control. Preliminary approval was also granted for the adjustment of the exchange rate through the imposition of fees […]
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Exclusive: Parliamentary Source to Sada: House Financial Committee Approves Central Bank’s Proposal to Adjust Exchange Rate, and Here are the Details
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 […]
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Italian Website: International Funds Allocated for Derna Residents Spent for ‘Personal’ Purposes in Eastern Libya
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 […]
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Exclusive: Al-Kabeer Proposes Exchange Rate Adjustment with Foreign Currency Tax in Important Correspondence to Aguila Saleh
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. […]
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Exclusive: Abdullah Al-Hassi: “Can the Central Bank Defend the New Exchange Rate if it Occurs?”
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? […]
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Exclusive: Mohammed Al-Sanussi: “Al-Kabeer’s Repetition of Past Mistakes, Risks of Taxing Exchange Rate, and Closure of Personal Items System Explained”
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 […]
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Exclusive: Aman Bank Unveils Number of Beneficiaries and Registrants in the Personal Items System
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 […]
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Insights from Deputy Director: 50 Dinar Currency Details and Credit Status
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 […]
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Exclusive: Central Bank Sends 45 Million to Branches of Wahda Bank in Eastern Region
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 […]
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Exclusive: Al-Kabeer’s Important Message on Withdrawing the 50-Dinar Denomination
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 […]
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Exclusive: Al-Kabeer Establishes Special Committee for Foreign Currency Sales – Unveiling the Inside Story
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 […]
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Exclusive: Rovinetti Sounds Alarm on Libya’s Economic Crisis: A Wealthy Nation with Limited Leadership Funds
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 […]
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Exclusive: Al-Huwaij Elaborates to Sada on Reasons for His Statement About 40% of Libyans Below Poverty Line & Government Response
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 […]