The Central Bank of Libya told our source in an exclusive statement: “We have taken measures to correct the exchange rate, setting it at 5.56 dinars per dollar, while maintaining the 15% tax.” The bank added: “There is still an opportunity to improve the value of the dinar by removing the tax—if reform measures and […]
Our source has exclusively obtained the decision by Minister of Economy of the Government of National Unity, Mohamed Al-Huwaij, to cancel his previous order banning the practice of import, export, and re-export activities unless conducted through bank transactions approved by the Central Bank of Libya. The same applied to financial transfers made by companies for […]
Our source has exclusively obtained a letter confirming that the Central Bank of Libya has approved the appointment of new members to the Board of Directors of Assaray Bank. The newly appointed members are:
Researcher and economic analyst based in New York, Ahmed Mharem, spoke to our source on Thursday, stating that the recent economic decisions—particularly the imposition of customs duties on most countries around the world—were at some point either reversed or modified by Trump. It is clear, he said, that the matter has already sparked the beginning […]
Our source has exclusively obtained circulars from the Central Bank of Libya addressed to commercial banks regarding the amendment of the mandatory cash reserve ratio against deposit liabilities. The Central Bank revealed that the Board of Directors has issued Decision No. (20) of 2025 concerning the amendment of the mandatory cash reserve ratio on deposit […]
Our source has exclusively obtained circulars from the Central Bank of Libya addressed to banks, aimed at ensuring the stability and strengthening the resilience of the banking sector, particularly in terms of influencing the volume, type, and duration of credit and financing, in a way that meets the actual needs of economic activity in production […]
The Deputy General Manager of Takaful Insurance Company, Akram Al-Ghziwi, wrote an article in which he stated: Transit trade presents a golden opportunity for Libya, benefiting from its strategic geographical location that connects North Africa to landlocked countries south of the Sahara, such as Chad and Niger, as well as neighboring countries like Tunisia and […]
Economic expert Dr. Abdullah Wanis Al-Tarhouni wrote: Many have voiced their opinions following the release of a circular or statement by the Central Bank of Libya regarding revenues and expenditures for January and February 2025. Frankly, the statement is incomplete and its figures inaccurate. Its main aim appears to be preparing Libyan public opinion for […]
A report by Africa Intelligence stated that while Haftar continues to loom over the scene, Abdul Hamid Dbeibeh insists on maintaining control over the National Oil Corporation. The report highlights that Dbeibeh’s challenge lies in preserving his influence over the oil sector while simultaneously attempting to appease Khalifa Haftar — a complex balancing act as […]
The Norwegian Embassy told our source on Wednesday that it currently has no plans to open an embassy in the capital, Tripoli. The embassy confirmed saying: “At the moment, we are planning to open a consulate, not an embassy, as we had previously informed you, according to the embassy.“
Italian strategic expert Daniele Ruvinetti told our source on Tuesday that devaluing the Libyan dinar will increase the cost of imports, which could significantly impact Libyan households, given the country’s heavy reliance on imported goods. Ruvinetti confirmed to Sada that inflation may rise, which is an increasing concern as it reduces the purchasing power of […]
Counselor Mustafa Al-Mana’a wrote: Europe’s “Union for Readiness” Strategy and Its Implications for Libya. Amid accelerating international crises and growing economic, climate, and geopolitical challenges, the European Commission recently announced the “Union for Readiness Strategy,” a comprehensive emergency plan aimed at enhancing Europe’s ability to anticipate and respond to crises effectively. The strategy calls on […]
Our source has exclusively obtained a circular from the Libyan House of Representatives regarding the continued assignment of Khaled Shakshak to his duties as Head of the Audit Bureau, until the unification of sovereign institutions in a manner that ensures the proper functioning of the administration entrusted to him. The House also decided to fully […]
An oil source confirmed to our source the appointment of Acting Oil Minister Khalifa Abdul-Sadiq to manage the Mediterranean Holding Company. According to the source, Acting Oil Minister Khalifa Abdul-Sadiq has been absent from the Ministry of Oil headquarters for over a month and has been carrying out his duties from his residence in London. […]
Former member of the Board of Directors at the Central Bank of Libya, Mrajaa Ghaith, stated exclusively to our source regarding the Central Bank’s decision to adjust the exchange rate: “I believe this decision is hasty and came at the wrong time. Why adjust the exchange rate right after the Central Bank reduced the foreign […]
