Our official source at the Central Bank of Libya stated exclusively: “Non-compliance by banks with the Central Bank’s instructions is a serious violation that must be corrected, and strong measures will be taken against any bank that has breached the Central Bank’s directives.” The source added: “There are indications that the managements of some banks […]
Our source has exclusively obtained the decision of the Governor of the Central Bank of Libya, Naji Issa, to suspend the General Manager of Aman Bank, Ahmed Al-Doukali, from work and refer him to investigations over a violation attributed to one of the bank’s branches regarding instructions issued by the Central Bank. The decision stipulated […]
Professor of Economics Anas Al-Ameen wrote: Libya’s options between full float and managed float—Which path to strengthen the dinar and diversify the economy? Libya today stands at a critical crossroads: Should it open the door to a full currency float (Full Float), as Egypt did, or opt for a managed float (Managed Float) following Morocco’s […]
Professor of Political Economy Mohamed Al-Barghouthi wrote in an article: Amid the profound transformations taking place in the global financial system, gold has reemerged as a strategic asset that restores balance to the international monetary power structure. After decades of U.S. dollar dominance as the primary reserve currency, major countries such as China, Russia, and […]
Economic expert Idris Al-Sharif said: “Who is responsible! The Central Bank states that it intends to supply $500 million in cash to be distributed to exchange companies that have recently obtained licenses to operate from the Central Bank!” He continued: “This announcement comes after many years during which the Central Bank claimed there was an […]
Our responsible source at the Central Bank revealed exclusively that banks are working to receive deposits of the withdrawn currency denominations, stressing that there will be no extension and the deadline ends on September 30. He added: “We have a large cash reserve that covers the value of the withdrawn denominations, and distribution will be […]
Our responsible source at the Central Bank of Libya revealed exclusively that the bank has begun procedures to import foreign currencies in cash, for the purpose of selling them directly to exchange companies to cover the market’s demand for cash for all personal purposes. According to the source, it is expected that $500 million will […]
Financial analyst Khaled Al-Zantouti wrote an article titled: The Possibility of Falling Oil Prices… What Should We Do? In light of today’s global geopolitical shifts, we must carefully examine their impact on Libya. Regardless of our intellectual, political, or economic convictions, Libya remains our homeland and our shared refuge. The immense pressures on global oil […]
Our source has exclusively obtained a circular from the Central Bank of Libya instructing banks to operate on Saturday, September 20, and Friday–Saturday, September 26–27. Working hours will be from 9:00 AM to 1:00 PM on Friday, and from 9:00 AM to 6:00 PM on Saturday, to facilitate the acceptance of citizens’ cash deposits of […]
The Central Bank of Libya revealed exclusively to our source hat the difference between the dollar against the 20 and 5 dinar notes exceeded 850 dirhams. This gap was due to demand for the dollar from these denominations, which will end on October 1st, meaning speculation will decline by 850 dirhams. This will directly reflect […]
In a scene that exposes the state of administrative chaos, Libya’s Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, shifts back and forth between issuing decisions, withdrawing them, and then renewing them once again—turning economic policy into a tug-of-war game. Import and export regulations are no longer fixed rules governing the market; […]
In a move reflecting the flexibility of U.S. monetary policy, the Federal Reserve, led by Jerome Powell, decided to reduce interest rates by 25 basis points, bringing them to a range of 4.00%–4.25% from 4.25%–4.50%. This step confirms that the world’s largest economy continues to prioritize growth and financial stability, and remains ready to use […]
Legal expert in the oil sector, Othman Al-Hadiri, wrote: What are the technical and legal impacts of merging Libyan oil companies into a single company? How would this affect oil operations? And what is the best solution to increase production and train employees? Some industry observers in Libya have expressed varying opinions on merging oil […]
A market observer in Benghazi told our source exclusively: “With the expiration of the 20 and 5 dinar banknotes on September 30, and expectations that the Central Bank will inject billions of dollars at the beginning of October.” He added: “The announcement of launching ready-to-operate exchange companies, the ban on imports except through banking procedures […]
Our senior source at the Central Bank of Libya revealed exclusively that the credit booking platform has achieved its goals, enabling all importers—including small traders—to reserve foreign currency for the purpose of opening letters of credit. The approval and coverage process is ongoing by commercial banks and the Central Bank. The source added that approvals […]
