The Central Bank of Libya revealed exclusively to our source that it has begun selling foreign currency to commercial banks, in line with the announcement made yesterday. The Central Bank added: “It is expected that the full amount will be injected today, Monday, along with the start of granting new letters of credit approvals to […]
Our source has obtained exclusively a correspondence from the Central Bank of Libya to commercial banks. The Central Bank instructed bank managers to temporarily halt granting direct or indirect financing to legal entities in both the public and private sectors. It also emphasized adherence to the maximum limit on the overall expansion of the credit […]
Economic affairs commentator Rafi’ Al-Shaawesh wrote that the failure of the Libyan state to recover economically and developmentally after the February events lies in several factors, the most prominent of which are: He noted that there is a significant structural and practical gap among the following key specializations and theoretical orientations: He emphasized that the […]
Economic expert Idris Al-Sharif wrote that as long as the Central Bank remains the sole monopolistic source of selling foreign currency in the market, and since the Libyan economy is one-sided, relying on a single export commodity sold in dollars, there is no suitable method for determining the exchange rate other than the (fixed exchange […]
The Central Bank of Libya revealed exclusively to our source that tomorrow, Monday, September 1st, will see the coverage of letters of credit worth $1.5 billion, in addition to $400 million allocated for personal purposes. The Central Bank added that their value will be paid to commercial banks.
The Chairman of the Board of Directors of Afriqiyah Airways, Ahmed Al-Amin, stated exclusively to our source that the total debts owed by the former Presidential Council of the Government of National Accord amounted to 80 million dinars. He noted that the Government of National Unity allocated 57 million dinars to settle a large portion […]
The Government of National Unity issued a decision to allocate nearly 57 million dinars in favor of Afriqiyah Airways to settle debts allegedly owed by the Presidential Council. However, our source obtained a letter from the Presidential Council to the government, confirming that it has no obligations toward Afriqiyah Airways. The letter calls for a […]
Our source exclusively obtained a letter from the head of the National Oil Corporation, Masoud Suleiman, in which he calls on the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, to establish a company named Jaliana for gas exploration and production, headquartered in Benghazi. The goal is to compensate for the sharp […]
The French intelligence website Africa Intelligence reported on Tuesday that the newly rehabilitated oil company Arkenu is reaffirming the completion of its projects in Libya. The French website confirmed that, under the dual protection of Khalifa Haftar and Abdulhamid Dbeibeh, the private company Arkenu is seeking to secure new contracts, while the financial investigation targeting […]
The French intelligence website Africa Intelligence reported Friday that British companies are preparing to sign investment and construction contracts in eastern Libya. The site confirmed that British businessman Daniel Kawczynski has established an association to help restore economic relations between the United Kingdom and Libya. According to the report, this new entity is competing with […]
Several traders told our source in exclusive statements that they received approval messages today. The traders also confirmed that they have completed shipping procedures through the new foreign currency booking platform, which they said has shown smoothness and flexibility in submitting requests and obtaining approvals. This marks a practical step toward organizing the market and […]
The website Energy Capital Power reported Thursday that the $8 billion offshore gas development project “Structures A & E” is gaining increasing momentum, with recent contracts and confirmed production schedules marking a significant step forward. According to the site, the project—led by Mellitah Oil & Gas, a joint venture between Eni and the National Oil […]
The Central Bank of Libya exclusively told our source: “We do not advise small traders and others to buy dollars before the end of September, when the withdrawal period for the 20-dinar note ends.” The Central Bank also confirmed exclusively to our source that it is preparing to launch new tools and measures in the […]
Economist Mohamed Abu-Snina wrote in an article: It is noticeable, through what is being circulated and discussed in legislative and executive circles, as well as within certain sovereign oversight institutions, both currently and throughout the past decade, that there is a strong inclination to amend some fundamental laws, and sometimes even to issue new ones. […]
The Central Bank of Libya exclusively told our source: “An agreement was reached between the Governor of the Central Bank of Libya and the Speaker of the Libyan House of Representatives in Benghazi to support the Central Bank’s efforts to achieve financial and monetary stability, in line with the bank’s plan to manage the overall […]
