News Archive

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 […]

The European-based “Atlantic Council” reported on Wednesday that Libya’s crisis has shifted from a fragile stagnation to outright collapse. The situation is now visibly deteriorating, with financial figures becoming undeniable and consequences increasingly imminent. The site pointed out that for several months, economists and analysts have warned of this trajectory — their forecasts weren’t based […]

Our source has obtained the Central Bank of Libya’s instructions to banks regarding the launch of unrestricted Mudarabah deposit certificates, which are intended to invest customers’ balances in investment accounts at Libyan banks. These certificates, issued by the Central Bank of Libya to commercial banks, carry an expected annual return of 5.5% for the banks. […]

The French website Africa Energy reported on Monday that Libya is renegotiating a controversial oil export agreement in an attempt to stop the financial crisis. The website stated that the Government of National Unity may seek to renegotiate controversial and unfavorable deals, such as the production-sharing agreement between the National Oil Corporation and Arcano Oil, […]

Belqasim Haftar, Director General of the Libya Development and Reconstruction Fund, affirmed in an exclusive interview with the Italian agency that Italy and the European Union are strategic partners for Libya, and their support is essential to ensure development and reconstruction that benefits the entire region. He emphasized the importance of tangible commitment from international […]

Mr. Anas Ashnibeesh wrote: In a quiet scene reminiscent of spy films, and away from the media spotlight focused on market noise, a financial revolution is unfolding—one that could change the rules of the game for decades to come. This time, it’s not from Wall Street, but from the heart of Beijing, where the digital […]

Our source has exclusively obtained the decision issued by the Head of the Libyan Audit Bureau, Khaled Shakshak, regarding the suspension of Saad Al-Din Al-Zaidi, in his capacity as Director of the Financial Department for the Western and Southern Regions at Brega Petroleum Marketing Company, and Mohamed Mansour Al-Fallah, Director of the Services Department at […]