News Archive

Our exclusive sources told that the Central Bank of Libya is set to withdraw the 5-dinar note from the sixth issuance and the 20-dinar notes from older issues. The Central Bank will also impose a commission on large deposit amounts from these denominations after a grace period, which will be determined at a later date. […]

Our source has exclusively obtained a circular from the Central Bank of Libya instructing commercial banks to continue operations on Friday and Saturday. This measure is intended to give bank customers the opportunity to deposit 50-dinar banknotes, with the final deadline set for April 30.

The oil-focused website Oil Price reported on Tuesday that the Libyan dinar has dropped to its lowest level ever, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya devalued the currency by 13.3% on April 6, setting the official exchange rate at 5.5677 dinars per US dollar […]

The Middle East Economic Survey (MEES) newspaper published a report covering the discussions that took place during the launch of the exploration bidding rounds in both London and Houston, highlighting various aspects related to the National Oil Corporation (NOC). Changes in Agreements Engineer Masoud Ashour Shreeha stated to our source that the newspaper addressed the […]

Our source at the Central Bank of Libya confirmed exclusively that the Banking Operations Department has officially started transferring April 2025 salaries today, Monday, April 21, 2025. The salaries are being transferred to public sector institutions across the country. This move is part of the Central Bank’s ongoing efforts to ensure timely salary disbursement for […]

According to French intelligence website Africa Intelligence, Belqasim Haftar, Director of Libya’s Reconstruction and Development Fund and son of Field Marshal Khalifa Haftar, is on his way to Washington D.C. this week for a series of key economic discussions. The main objective of the visit, as per the report, is to attract American companies to […]

Noaman Al-Bouri, a shareholder in Al-Saray Bank for Trade and Investment (ATIB), extended his sincere congratulations to the bank’s newly appointed board of directors, expressing strong confidence in their ability to lead the institution toward greater progress, innovation, and institutional excellence. Speaking to our source, Al-Bouri said:“As a shareholder in the bank, I’m pleased to […]

Our source has exclusively obtained a letter from the Director of the Banking and Currency Supervision Department at the Central Bank of Libya addressed to companies and currency exchange offices licensed by the bank. The Central Bank issued instructions permitting these licensed companies and exchange offices to sell foreign currency with a 7% profit margin […]

Our exclusive sources revealed that among the proposed economic reform package by the Central Bank of Libya is a recommendation to reduce the number of embassies and Libya’s diplomatic representation abroad. The Central Bank of Libya had previously launched a set of reforms aimed at strengthening the value of the Libyan dinar and improving the […]

The 2025 International Economic Crime Index, published by “Secretaria”, a company specializing in legal consultancy and risk management, revealed that Libya has become one of the most vulnerable countries in the world to financial crimes. It ranks among the top 10 countries in terms of widespread financial corruption, money laundering, and organized economic crimes — […]

Financial analyst Khaled Al-Zantouti wrote to Sada Economic News: Recently, many voices have risen calling for the need for financial and administrative reform, especially following the recent statement by the Central Bank Governor. Here, I ask a somewhat innocent question: Where were some of these voices (and I do not generalize) that are now demanding […]

Economic expert Dr. Abdussalam Nassiyah wrote an article titled: The Collapse of the Administrative and Financial Oversight System in Libya – Causes and Consequences Administrative and financial oversight constitutes the cornerstone of any sound governance system, as it serves as a fundamental guarantee for protecting public funds and ensuring that government entities comply with laws […]

The French intelligence website Africa Intelligence reported on Friday that Libya’s Amazigh are seeking to negotiate a share of oil revenues with the Italian company Eni and Libyan authorities. According to the French outlet, the ethnic group in Libya aims to secure a portion of the oil and gas wealth in their region, raising concerns […]

The Governor of the Central Bank continues to lead a package of economic reforms and holds meetings with governments in both the West and East, as well as with officials across all Libyan cities, to strengthen the Libyan dinar and improve the country’s economic situation. The first steps toward change have already been achieved, notably […]