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 […]
Oil law expert Othman Al-Hadhiri wrote an article in which he stated: What is the legal effect of considering the National Oil Corporation a sovereign institution under the supervision of the House of Representatives and the High Council of State? While following Libyan media, I learned that voices within the High Council of State—and perhaps […]
The Central Bank of Libya revealed exclusively to our source that a systematic campaign is being led by several anonymous pages against the Bank’s Governor, Naji Issa, following the Bank’s success in curbing the parallel market and narrowing the gap with the official exchange rate—an approach that is close to ending this phenomenon. The Central […]
The Central Bank of Libya has renewed its warnings to suppliers and small traders against buying dollars before October. Through our source, the bank reiterates that the parallel market is on the verge of an inevitable decline, balancing itself as several currency denominations are scheduled to be withdrawn in a single day, in accordance with […]
Written by economics professor Mohamed Al-Barghouthi: Why insist on the story of selling gold?! What lies behind the gold revaluation. After the Central Bank of Libya carried out a revaluation of gold—not selling part of its gold reserves, as has been circulated—there was widespread uproar due to the promotion of the false narrative of selling […]
The Islamic Call Association exclusively told our source that it has initiated criminal proceedings against the former board member of the association, “Ali Salem Sallabi,” and those who assisted him in the crime of impersonation. This involved attending meetings with oversight bodies and presenting himself as a member without legal documentation, thereby misleading the judiciary […]
An analytical report published by Le Monde Diplomatique highlighted that the naturalization of foreigners contributes to creating and reinforcing what it described as a “blackmail economy” in Libya. The report explained that Brussels’ approach has not effectively reduced migrant crossings but instead turned migrants into “pawns” who end up in detention centers financially exploited amid […]
The Central Bank of Libya revealed exclusively to our source that one of the most important upcoming steps is combating the smuggling and export of goods through border crossings, in cooperation with the Ministry of Economy and the regulatory and security agencies, as these practices cause a significant waste of resources. It added that there […]
The Central Bank of Libya revealed exclusively to our source that the number of reservations for letters of credit approved by banks since the launch of the credit reservation platform has reached 6,100 credits, with a total value of $6 billion. Of this amount, $3.7 billion has been transferred to the Central Bank, while the […]
The Islamic Call Society told our source exclusively that a former committee member of the society came to its headquarters accompanied by others, falsely claiming—without any official documents—that he had obtained backing from a sovereign authority to assume management of the society, based on a decision of the General National Congress which courts had recently […]
Confirming what our source had exclusively reported, the Central Bank of Libya revealed that this week it executed letters of credit worth $3.7 billion in the form of sales to banks and granting final approvals. According to the Central Bank, banks have been notified to provide coverage in their own accounts and those of their […]
The Central Bank of Libya told our source exclusively: We have coordinated with the Ministry of Economy on implementing a package of measures to regulate the import process, including a ban on imports unless conducted through banking procedures, now in effect. This aims to support small traders and ensure the smooth flow of goods with […]
Our source has exclusively obtained a correspondence from the Customs Authority addressed to the Head of Misrata Free Zone Port Customs concerning the enforcement of the ban on practicing import, export, and re-export activities except through operations approved by the Central Bank of Libya, while also requesting several data points. According to Customs, the detailed […]
Professor of Economics Mohammed Al-Barghouthi wrote: A strong currency is not measured by its exchange rate. There is often confusion between the nominal exchange rate of a currency as shown in the market against the dollar or euro, and the deeper economic meaning of currency strength. A strong currency is not necessarily the one with […]
Professor of Economics Anas Al-Amin wrote an article titled: What if Libya charted its path to 2040? A vision for change and comprehensive reform. Libya is currently going through a complex and overlapping stage of political, economic, and social crises, making state management a constant challenge. Repeated political divisions have weakened state institutions and lowered […]
