Sada republishes an important message from a group of economic and financial experts regarding Libya’s economic situation and proposed solutions. They said: Following the report published yesterday by the Central Bank of Libya, which included alarming figures and assigned responsibilities resulting from the state of governmental division, and the ensuing rampant and inflated dual spending, […]
Legal advisor Hisham Al-Harati spoke exclusively to our source stating: “What is happening in Libya is a blatant example of a betrayal of trust, as corrupt parties entrusted with the responsibility of running the state are seizing the Libyan people’s funds through illegal means and administrative violations. This constitutes a criminal offense that infringes on […]
The Arab Independent newspaper revealed that recently, Libyan security authorities have intensified their campaigns to combat smuggling across the Ras Jdir border and reinforced monitoring measures on the entry of Libyan goods and fuel, a step that has strained relations with Tunisia. According to the newspaper, this campaign is part of the Libyan government’s efforts […]
Financial Analyst Khaled Al-Zantouti wrote an article saying:Today, our Central Bank came out with a decision to devalue the exchange rate by 13.3% (and I don’t know why the decimal is over 13 — is it the result of accurate calculations based on a fair pricing model for the dinar (I hope so), or is […]
Banking expert Naaman Al-Bouri spoke exclusively to our source regarding the Central Bank’s latest statement, saying:“The statement issued today by the Central Bank of Libya shows that the bank is facing a difficult and complex situation.” He added:“Excessive public spending by two governments, along with resorting to deficit financing during Q4 of 2024 and Q1 […]
Banking expert Imran Al-Shaibi wrote an article on his official page commenting on the statement issued by the Governor of the Central Bank of Libya. Main Economic Challenges 1. Dual SpendingOne of the most prominent challenges facing the Libyan economy amid political division is dual spending. The total dual spending by the two governments reached […]
The economic expert Ibrahim Wali wrote the following article: In this post, I was going to speak about the role of domestic public debt, amounting to (200) billion Libyan dinars, and its role in Libya’s economic life as a tool of fiscal policy and as a means to cover the deficit in the general budget, […]
Our source has exclusively obtained the new regulations for foreign currency sales issued by the Department of Currency and Banking Supervision at the Central Bank of Libya. The new rules stipulate the following caps: For companies, small traders, and artisans, the maximum prepaid card amount for industrial, service, and commercial purposes is set at $50,000 […]
The Governor of the Central Bank of Libya issued a statement today, Sunday, regarding the Bank’s decision to adopt a series of strict measures, including a reconsideration of the exchange rate, in order to create balance in the economic sectors amid the lack of hope or prospects for unifying the dual government spending. The Governor […]
Oil expert Masoud Shriha commented in a statement to our source on the remarks made by Libyan businessman Husni Bey regarding the replacement of subsidies, saying: “Replacing subsidies will not change the economic situation — it will only increase the burden on Libyans at this time.” He said: “According to the Central Bank’s report, revenues […]
Back in January, Professor Anas Eshnibish warned in a statement to our source that the increasing calls to lower oil prices — including direct appeals to the OPEC organization by one of the world’s largest oil-producing countries — could lead to a severe crisis for the Libyan economy in 2025. He stated:“Over the past few […]
The investment expert and capital fund manager in the United Kingdom, Mondher Al-Shhoumi, wrote an article titled: “The Use of the Dollar as a Weapon, Imposing Tariffs, and Their Impact on the Future of American Hegemony.“ For decades, the United States has been the cornerstone of the global economic system, benefiting from the dominance of […]
Written by: Economic expert Mohamed Abu Snina. The United States of America is considered one of the largest economies dependent on the outside world. When you walk through American markets, it is rare to find a product made in America—especially consumer goods such as clothing, shoes, furniture, jewelry, technological products, and alcoholic beverages. Instead, you […]
Former Minister of Planning Taher Al-Jhimi wrote on his official Facebook page: What is the future of the Libyan dinar’s value relative to the dollar? This is the question many Libyans are asking these days. Some are asking with eagerness, and everyone is wondering: will the coming weeks and months witness a decline in the […]
Our source from within the U.S.-Libya meeting corridors revealed the details of the roundtable gathering of American and Libyan executive officials, stating that the attendees included Libyan and American political figures. However, the meeting is a regular annual event held by invitation from the National Council on U.S.-Libya Relations (NCUSLR) and the American Chamber of […]
