The Central Bank of Libya exclusively revealed to our source that a plane carrying a cash shipment of 10 million dinars took off moments ago from Tripoli Airport heading to Ubari in southern Libya. Of this total, 4 million dinars are allocated to the National Commercial Bank, 3 million dinars to the safes of the […]
The Energy Capital Power website reported today, Tuesday, that Libya, which holds approximately 52 trillion cubic feet of natural gas reserves, is aiming to capitalize on these resources, targeting the production of 4 billion cubic feet of gas per day over the next three to five years with the support of new exploration initiatives. According […]
The Central Bank of Libya exclusively revealed to our source that a plane carrying a cash shipment of 10 million dinars took off moments ago from Tripoli Airport heading to Ghat. Of the total amount, 6 million dinars are allocated to the National Commercial Bank, and 4 million dinars to the safes of the North […]
In an exclusive statement, Libya’s Minister of Oil and Gas, Mohamed Aoun, rejected the decision to relieve him of his duties issued by the Government of National Unity (GNU). He declared the move as null and void, asserting that the Prime Minister does not possess the authority to dismiss a minister. According to Aoun, this […]
Economic advisor Wahid Al-Jabo, in an exclusive statement to Sada Economic, said: “If the Ministry of Finance has prepared and directed the salaries on time with lists of state employees’ names, the Central Bank of Libya must transfer the salaries to the beneficiaries’ current bank accounts.” He added, “However, if the allocations for Chapter One […]
The Central Bank of Libya exclusively informed Sada Economic about recent developments regarding salary disbursements. It revealed that no revenues have been transferred to the bank for months as of today, November 25, to cover salaries. As evidence, the Central Bank financed October’s salaries through a loan from its own resources.
The economic expert, Mohamed Abu Snina, wrote an article stating: In Brief, the focus of Libyan decision-makers, those shaping the current landscape and challenging authority, remains limited to finding short-term solutions to economic problems such as the exchange rate, public spending, liquidity, fuel subsidies, salaries, and oil production. These areas suffer from recurring distortions that […]
A source at the Central Bank of Libya exclusively revealed to Sada Economic that the bank continues its efforts to support the value of the Libyan dinar. The source added that all possibilities are on the table, including a further reduction in the foreign exchange tax or its complete elimination by the end of the […]
The oil-focused website Oil Price reported on Saturday that Libya, the largest oil producer in North Africa, is once again making headlines, particularly in light of the ongoing struggles within the OPEC market. According to the report, while Europeans view Libya as a potential energy source for their industries amid the European oil crisis, Libya […]
Legal advisor Hisham Al-Harati stated exclusively to Sada Economic Newspaper: “The methodology adopted in drafting the decision to reduce the fee imposed on the exchange rate clearly indicates that the dinar’s value will remain stable at this level, likely at least until mid-next year.” He added, “The decision uses wording that circumvents judicial rulings on […]
The French intelligence website Africa Intelligence reported on Thursday that the legal dispute with the Russian company Litasco is ongoing. The website confirmed that the National Oil Corporation (NOC) owes approximately $42 million to the fuel trader Litasco, which is currently pursuing legal action in the United Kingdom. At the same time, Libya’s Financial Regulatory […]
Libyan businessman Husni Bey stated in an exclusive comment to our source:“The Central Bank of Libya undoubtedly has the capacity to defend the dinar at any rate it deems appropriate. The bank possesses gold and currency reserves exceeding $90 billion (with gold reserves over $10 billion and dollar reserves amounting to $80 billion). These high […]
Our source has exclusively obtained a circular from the Central Bank of Libya regarding the Parliament’s decision to reduce the tax by 5%, bringing it down to 15%. The Central Bank also emphasized the need to streamline procedures for opening letters of credit for all purposes, goods, and services.
Our source has exclusively obtained the decision by the Speaker of the House of Representatives to impose a 15% fee on the official foreign exchange rate for all purposes. The exchange rate will include this fee, considering exemptions granted by the Speaker’s decisions, with the possibility of reduction based on Libya’s revenue conditions upon the […]
Banking expert Misbah Al-Akari wrote an article discussing the positive figures released today by the Central Bank, highlighting key payment trends over the past 10 months: The article emphasizes the positive trend of electronic payments, which constitute the highest share. The total number of POS terminals has reached 70,000, with 4.7 million activated cards, and […]
