The Central Bank of Libya exclusively told our source that during an urgent visit, the bank’s governor provided a briefing to the Speaker of the House of Representatives, Aguila Saleh, on the latest economic and financial developments in the country. The governor outlined key challenges hindering the CBL’s efforts to strengthen the Libyan dinar, citing […]
A senior official at the Central Bank of Libya exclusively told our source that, as part of the bank’s plan to ensure cash liquidity across all Libyan cities, a new shipment of printed currency has just arrived from abroad. The shipment has been transferred directly to the Central Bank to support the Issuance Department’s reserves, […]
Professor of Economics at the Libyan Academy, Dr. Omar Othman Zarmouh, told our source that the Central Bank of Libya’s statement clearly indicates that the amount of foreign currency received from the National Oil Corporation is significantly lower than the demand, resulting in a foreign exchange deficit. He continued: “The statement suggests that, to stabilize […]
The head of the Accounting Department at the Libyan Academy, Dr. Abu Bakr Abulqasim, told our source: “Do not leave the Central Bank alone.” He added that the Central Bank’s weekly and monthly reports serve as warning messages to all Libyans, as if the bank is telling us: The Central Bank remains standing alone, facing […]
The American website APA reported that the Central Bank of Libya has expressed concerns over a significant gap between foreign currency sales and oil revenues in mid-March, placing increasing pressure on the country’s reserves and economy. The website confirmed that between March 1 and 17, 2025, the Central Bank of Libya sold $2.3 billion in […]
Written by Anas Shneibish: The Stability of the Libyan Dinar Between Present Challenges and Future Solutions The Libyan economy is under increasing pressure due to the continuous decline in oil revenues and the sharp rise in demand for foreign currency. A statement issued by the Central Bank of Libya on March 18, 2025, revealed that […]
Sada Economic Newspaper extends its apologies to Mr. Munther Al-Shahoumi, who was mentioned as an assistant in money laundering for transferring suspicious funds. The information was based on a fabricated and circulated version of the Africa Intelligence report. The newspaper also apologizes to all individuals whose names were mentioned in that context, as well as […]
Economic expert Saber Al-Wahsh stated exclusively to our source: “Uncontrolled spending has driven the demand for foreign currency to $2.3 billion, while revenues amounted to only $778 million, resulting in a $4 billion deficit in just two and a half months.” He added: “Based on the latest statement and the Monetary Policy Committee meeting, I […]
The English-language website “POLICY CENTER” revealed on Tuesday that Libya is suffering from a severe unemployment crisis, especially among young people. According to the 2023 report of the Libyan Audit Bureau, more than two million people work in government institutions, excluding state-owned companies such as oil companies, banks, and utility companies, with a total workforce […]
The Central Bank of Libya revealed exclusively to our source that it has dispatched a new cash shipment today from Mitiga Airport in Tripoli to the city of Sebha, carrying 60 million Libyan dinars. The Central Bank continues to send cash shipments in succession to ensure liquidity reaches all Libyan cities. This initiative is part […]
Former Central Bank of Libya board member, Mrajaa Gaith, told our source that modifying the exchange rate or increasing the tax will not impact the demand for foreign currency. He explained that those seeking U.S. dollars are not commodity traders but rather a different group of speculators, drug dealers, and both legal and illegal foreign […]
Our sources from the Central Bank of Libya revealed in an exclusive statement that the Monetary Policy Committee at the Central Bank is in the process of preparing a detailed and crucial report covering financial and economic conditions, the exchange rate, and key recommendations, which will serve as the basis for several significant measures. The […]
The Nalut Primary Court has issued a new injunctive order against Khaled Shakshak, mandating his cessation of duties as the head of the Audit Bureau due to the loss of his legal standing based on this order. The order also obliges both the Prime Minister of the Government of National Unity and the Central Bank […]
Our source has exclusively obtained a letter from the Central Bank of Libya, instructing banks to allow their customers to acquire POS (Point of Sale) devices from up to three different banks. This decision comes as part of the Central Bank’s strategy to enhance banking services, promote electronic payment methods, and expand the availability of […]
The Deputy of the Audit Bureau has sent a letter to the Attorney General regarding a complaint filed by Malek Baayou, General Manager of Al-Inma Oil & Gas Company, in which he described actions taken against him by the head of the Audit Bureau as arbitrary. He emphasized that the company he manages is a […]
