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 Kufra. The shipment includes 8 million LYD for Jumhouria Bank, 6 million LYD for North Africa Bank, and 13 million LYD for Wahda Bank. The bank confirmed […]
The Business Insider Africa website highlighted the crucial role that African central banks play in shaping the economic landscape of their respective countries and the continent as a whole. These institutions are responsible for formulating and implementing monetary policies, managing inflation, stabilizing currencies, and fostering economic growth. According to Statista, in 2024, the Central Bank […]
In an exclusive correspondence obtained by our source, the Deputy Head of the Libyan Audit Bureau addressed Law No. 19 of 2013, affirming that it grants the Bureau sufficient powers and responsibilities to curb corruption. He highlighted Article 17, which authorizes the Bureau to request that relevant entities take necessary measures to recover public funds […]
In an exclusive statement obtained by our source, Minister of Oil Mohammed Aoun refuted Prime Minister Abdul Hamid Dbeibeh’s claims regarding the implementation of judicial rulings. He asserted that rather than complying with these rulings, Dbeibeh has disregarded them entirely, acting out of vengeance, injustice, and abuse of power. Aoun accused the prime minister of […]
Economic expert Suleiman Al-Shahoumi commented exclusively to our source on the latest Central Bank report, stating: “Every time the Central Bank releases a report, it reminds us of the difficult economic situation and the confusion in Libya’s economic policies.” Al-Shahoumi continued: “There is an unusual level of contradiction and instability between monetary and fiscal policies. […]
A source from the Jihad Fund at the World Islamic Call Society told our source that they have officially notified the Ministry of Finance in Tripoli and the Head of the Tax Authority that transferring any funds from the deductions of the Jihad Tax to any entity without the approval of the legal representative, Saleh […]
Dr. Abu Bakr Abu Al-Qasem, Head of the Libyan Academic Accounting Department, exclusively told our source that the Central Bank of Libya’s report from January 1 to February 28, 2025, revealed that foreign currency sources reached 3.6 billion USD, while foreign currency usage exceeded 6 billion USD, resulting in a deficit of 2.5 billion USD […]
The French intelligence site Africa Intelligence reported on Friday that Washington is retracting its financial aid to several countries, including Libya. The site confirmed that with the dismantling of the U.S. Agency for International Development (USAID), the United States has effectively torn up its commitments to provide development aid. However, cooperation on security issues is […]
Economic expert Saber Al-Wahsh exclusively told our source about the Central Bank of Libya’s recent statement, describing the figures in the report on revenues and expenditures from January 1, 2025, to February 28, 2025, as concerning. He added that total foreign currency revenues amounted to 3.6 billion USD, while expenditures were 6.1 billion USD, resulting […]
The Central Bank of Libya has released its report on revenues and expenditures from the beginning of 2025 until February 28, revealing total revenues of 18 billion LYD and expenditures of 8.4 billion LYD. Revenues include 14.0 billion LYD from oil sales, 3.7 billion LYD from oil royalties, 41.1 million LYD from taxes, 12.5 million […]
A number of business owners affected by the previous embezzlement incident at Wahda Bank have spoken to our source, complaining about the continued freezing of their accounts with no response from the bank. The company owners stated: “We sold goods, and the payments were deposited into our accounts through official and legitimate procedures at Wahda […]
The French intelligence website Africa Intelligence reported on Wednesday that the French company Amarante International has been expelled from Libya until further notice. According to the report, the company was ordered to leave after the Financial Oversight Authority launched an investigation into its operations. The company is accused of failing to comply with legal requirements […]
Financial expert Khaled Al-Zantouti has written an article titled Our Commercial Banks, Their Mysterious Identity, and Their Lost Role in the National Economy. He reiterates the crucial role of commercial banks in driving economic growth and establishing sustainable development to build a strong national economy. Without delving into theoretical concepts, it is widely understood that […]
Our source has exclusively obtained a letter from the Deputy Head of the Libyan Audit Bureau, Atiyat-Allah Abdulkarim, to the Bureau’s President, criticizing a news post on the Bureau’s page that claimed an achievement of saving 2 billion dinars through the prior review of nearly 700 contracts. He described this claim as a deceptive achievement. […]
The Minister of Oil and Gas in the Government of National Unity, Mohamed Aoun, spoke exclusively to our source regarding the National Oil Corporation’s program for announcing the launch of the general exploration bid round on March 3, 2025. Aoun stated: “As the legitimate Minister of Oil and Gas, since assuming office on March 15, […]
