Our senior official at the Central Bank of Libya revealed exclusively that the process of selling currency to banks is continuing rapidly, and credit approvals are ongoing. According to the source, extended working hours for the system will continue until all planned approvals are granted, and messages have already started reaching bank customers.
Our security source revealed exclusively that the security forces have withdrawn from Al-Mushir market, and trading resumed today as usual. This follows their earlier entry into the currency market in what was described as a surprising move, raising questions about whether the intervention was part of a reform and market regulation effort or aimed at […]
Italy’s Nova Agency reported Wednesday that the first Libyan-Italian joint company for exporting fish to European markets is about to launch, having already received operational licenses from the Government of National Unity in Tripoli. Entrepreneur Nicholas Giacalone explained that the project received support from Italian institutions and the diplomatic mission in Tripoli, which helped initiate […]
Our exclusive sources revealed that security forces entered the currency market today, in what was described as a surprise step, especially since the market was on the verge of collapse following the Central Bank of Libya’s injection of funds. The sources questioned: Is this intervention part of reforms and market control, or is it aimed […]
An official source at the Central Bank of Libya told our source exclusively that the foreign assets of the Central Bank, including foreign currency reserves, increased by $3 billion, reaching $98.4 billion by the end of September compared to $95.3 billion at the end of 2024. He added: “The Central Bank will announce more details […]
A number of traders told our source that they had received messages from the Central Bank of Libya confirming approvals for the letters of credit applications they had submitted. They pointed out that they have completed shipping procedures through the new platform designated for booking foreign currency.
The Central Bank of Libya revealed exclusively to our source that the Accounts Department has begun executing and selling USD 1.7 billion to banks to cover letters of credit, in addition to granting new approvals worth USD 2 billion. It confirmed that bank clients will receive an SMS notification once their letter of credit is […]
The Accounts Department at the Central Bank of Libya told our source exclusively that it has completed preparations to sell USD 1.7 billion to banks tomorrow, Wednesday, as well as reviewed new approvals already registered in the system for banks, amounting to USD 2 billion. The department explained that this step comes to facilitate the […]
The Central Bank of Libya told our source exclusively that tomorrow at noon will determine the state of the exchange rate in the parallel market, following the completion of the withdrawal of certain currency denominations, the injection of foreign currency into commercial banks, and the granting of a significant volume of letters of credit approvals […]
Our source has exclusively obtained the decision of the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, approving the first amendment to the operating agreement for Area 91 (Al-Nafoura – Awjila). This agreement is concluded between the National Oil Corporation, Austria’s OMV company, and the Arabian Gulf Oil Company.
Health insurance expert Abdul Monem Al-Shammam writes: Health Insurance in Libya Between Need and Necessity With the worsening crises facing the healthcare sector in Libya and the growing pressures on the state budget, health insurance emerges as both a practical alternative and an urgent necessity to provide citizens with quality and efficient medical care, while […]
Akram Abdullah Al-Ghziwi, Deputy General Manager of Takaful Insurance Company, writes: The Weak Contribution of the Libyan Insurance Sector to the Gross Domestic Product. Despite the long history of the insurance sector in Libya, its contribution to GDP remains relatively modest. It does not reflect the economic potential nor the growing societal need for risk […]
The Central Bank of Libya revealed exclusively to our source that it has begun implementing a plan to provide liquidity through commercial banks, within citizens’ monthly needs of 3,000 dinars, while maintaining a reserve of cash for the coming months and continuing to encourage the use of electronic payment methods. The Central Bank also began […]
The Central Bank of Libya revealed exclusively to our source that the disbursement of September salaries has begun today through the “Instant Salary” system, covering one million employees. The Bank stated: “We had hoped that the Ministry of Finance would transfer all those registered in the system to facilitate the salary disbursement process; however, the […]
Written exclusively for our source by advisor Mustafa Al-Manea: Libya and the World Bank “Consultative Cooperation, Not Borrowing.” Libya’s relationship with the World Bank has witnessed significant development recently, based on technical partnership and knowledge exchange, with no relation to borrowing from the Bank. The World Bank’s role is not limited to lending; it also […]
