When we speak of corruption—whether within a kleptocratic, oligarchic, or any other system—it encompasses both administrative and financial corruption. In fact, financial corruption is often the consequence of administrative corruption. The more deficient an administrative system is in its regulatory tools—especially law enforcement, justice, and accountability—the more widespread financial corruption becomes. It’s evident that Libya […]
Democratic Party member Ihsan Al-Khatib told our source on Monday that the reason behind the cancellation of Libyan students’ visas is the current situation in Libya, as U.S. authorities require comprehensive identity verification procedures. Al-Khatib added that the decision to impose customs duties on several countries, including Libya, depends on the volume of exports. However, […]
Our responsible source at the Central Bank confirmed exclusively that the Governor had informed the Speaker of the House of Representatives days ago that he would be traveling on an official mission, with a pre-scheduled meeting attended by his deputy, Central Bank directors in Tripoli and Benghazi, and representatives from Libyan ministries, agencies, and institutions, […]
Our source contacted the official spokesperson for the Customs Authority, Fahmi Al-Maqouri, who stated that a trilateral meeting between the Libyan and Tunisian Customs Authorities is set to be held soon in Tripoli next Wednesday, at the headquarters of the General Administration of the Customs Authority, with the participation of a delegation from Algeria and […]
Libyan businessman Hosni Bey told our source that the failure of states and their economies generally stems from distortions caused by public spending policies. He continued, saying the primary drivers of failure and distortions are: According to Hosni Bey, the Central Bank of Libya possesses all the necessary tools to achieve its core objectives. The […]
The Governor of the Central Bank of Libya intends to launch a series of reforms that began unfolding two days ago. These reforms aim to strengthen the value of the Libyan dinar, preserve reserves, ensure financial sustainability, and secure the desired economic stability. Among the measures is the issuance of new instructions regarding the adjustment […]
The Central Bank of Libya told our source exclusively: “The Governor of the Central Bank of Libya will present a memorandum that includes a reform plan for the economic situation aimed at increasing the value of the Libyan dinar.” The Central Bank stated: “If the reforms are approved and implemented within a maximum period of […]
Counselor Mustafa Al-Mana’a wrote: Unveiling Prosperity – Mechanisms for Wealth Sharing to Achieve Peace and Equitable Growth in the Middle East and North Africa A reading into the World Bank’s report issued this week – April 2025 In April 2025, the World Bank issued an analytical report titled “Unveiling Prosperity: Mechanisms for Wealth Sharing for […]
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 […]
