News Archive

The French intelligence website Africa Intelligence reported on Thursday that a persistent struggle is underway between rival factions in eastern and western Libya over the chairmanship of the National Oil Corporation. According to the site, the conflict remains ongoing between Ibrahim Dbeibeh and Saddam Haftar, both seeking to seize the position of NOC chairman.

The Italian news agency Nova reported on Thursday that all bank accounts of the Libyan Embassy in Rome have been frozen for more than a week, leading to severe consequences for the routine administration of the diplomatic headquarters on Via Nomentana, according to qualified Libyan sources cited by the agency. The freeze, which took effect […]

Mohamed Suleiman, Deputy Chairman of the Higher Central Committee for the Strategic Cooperation Plan between the National Anti-Corruption Authority and the Audit Bureau, told our source that on the 70th anniversary of the Audit Bureau’s establishment, the occasion was seized to announce the joint strategic plan between the Bureau and the National Anti-Corruption Authority. Suleiman […]

Abdulbasit Jaboua, Head of the Committee for Preparing the Anti-Corruption Strategy at the Audit Bureau, told our source exclusively that as part of the strategy, there will be a program to fully present the data, whether related to financial data on expenditures—showing the allocations and what is being disbursed by the Ministry of Finance, as […]

Anis Al-Majbari, Director of the Planning and Reporting Office at the Audit Bureau, told our source that within 20 to 30 days, the Audit Bureau’s 2024 report will be ready for publication and referral to the legislative authority, as part of the oversight bodies, with the Audit Bureau being the highest oversight institution in Libya, […]

Head of the Audit Bureau, Khaled Shakshak, told our source exclusively: “There is no fixed date yet for disclosing the Audit Bureau’s 2024 report, but I believe it will be soon. The report is complete; we are now in the stage of final reviews and drafting, and it will be issued shortly.” He continued:“The idea […]

Professor of Political Economy Mohamed Al-Barghouthi wrote: The Libyan Dinar Between Floating and Pegging The economic debate in Libya continues to revolve around the future of the exchange rate and the options available to the Central Bank. Between those calling for full or managed floating and those preferring to maintain a fixed system, there is […]

Financial analyst Khaled Al-Zantouti wrote in an article: I have asked several times why individuals and institutions are not allowed to open dollar accounts in Libyan banks, but I have not found a clear answer. My question here is: does the law permit it? And if it does, then why don’t our commercial banks provide […]

Our responsible source at the Central Bank of Libya revealed exclusively that the total value of banks’ requests to cover September’s letters of credit transferred to the Central Bank during the month amounts to $3.7 billion, which will be executed and approved next week. Of this, $1.8 billion will be paid to commercial banks, while […]

A banking source revealed that the way the Central Bank will succeed in containing the black market for currency, regardless of the rate, is clear—there is well-planned strategy and deliberate steps by the Central Bank. He continued:First, licensing exchange companies to operate and granting them foreign currency will bring all practitioners of the activity under […]

The American newspaper The New York Times revealed on Tuesday that the focus of President Biden’s advisor, Massad Boulos, revolves around the economy linked to the issue of Libya’s frozen funds abroad, warning that the clear bias toward the Dbeibah government could deepen tensions with the government in eastern Libya, further complicating the Libyan political […]

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 […]