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 […]
During the 7th Annual Conference of the National Council on U.S.-Libya Relations in Washington, the Head of the High Council of State, Khaled Al-Mishri, emphasized the economic and security issues facing Libya. Al-Mishri stated that the state of the economy is not marked by “simple corruption but by large-scale theft, due to embezzlement committed by […]
Economics professor at the Libyan Academy, Omar Zarmouh, commented exclusively to our source on the Central Bank of Libya’s decision regarding the exchange rate adjustment, saying: What is surprising in the decisions issued by the Central Bank of Libya on Sunday, April 6, is that they carry within them a series of contradictions and disturbances […]
Reuters reported today, Monday, quoting oil officials, that Libya will offer 22 oil exploration and development blocks in its first bidding round in more than 17 years. According to Reuters, the deals will include production sharing agreements, and this new bidding round, announced on March 3, comes as the second-largest oil producer in Africa and […]
Written by economic expert Mohamed Abu Snina: What we have repeatedly warned about has now occurred. Although much of what was mentioned in the statement issued by the Central Bank of Libya today is known to many, it serves as a declaration and warning that what lies ahead will be worse for the Libyan economy […]
Our source obtained a reminder from the Central Bank of Libya regarding the deadline for withdrawing the 50-dinar banknotes by the end of April. The Central Bank stated: The final date to accept both the first and second issues of the 50-dinar banknotes in commercial banks is April 30, 2025. As the Central Bank of […]
Libyan businessman Husni Bey told our source in an exclusive statement:In my view, the rate approved, with an added 15% fee, actually represents a devaluation of the exchange rate, not an increase as the majority perceives it. All I hope for is that this 15% fee is used to extinguish public debt and reduce the […]
Banking expert Misbah Al-Akkari stated on his official Facebook page:When a three-month window is granted to issue a unified budget that serves the entire homeland, with the Central Bank involved in its preparation and allocating the necessary foreign currency coverage based on available capabilities, and this period ends on 31-3-2025… He continued: And since the […]
