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 […]
The Public Prosecution announced this evening that the Tripoli Court of Appeal has convicted the Minister of Education in the Government of National Unity, sentencing him to three years and six months in prison, along with a fine of 1,000 LYD. Additionally, he has been stripped of his civil rights for the duration of the […]
The Italian newspaper “MNGRNEWS” reported today, Saturday, that the decision to withdraw certain banknotes from circulation is linked to various reasons, primarily combating tax evasion and all activities considered illegal. This is undoubtedly a significant change, as it affects everyone who will need to adapt to a new type of economy. Which Banknotes Will Be […]
Today, Saturday, Independent Arabia published a report revealing that Tunisia’s private healthcare sector is awaiting the resolution of longstanding outstanding debts with the Libyan side. These debts, which have remained unsettled for over 13 years, stem from the treatment of Libyan patients and wounded individuals who sought medical care in Tunisian clinics following Libya’s security […]
The French intelligence website Africa Intelligence reported on Thursday that Farwa Shipping Company is launching new shipping routes to Syria. The report confirmed that the Libyan company Farwa Shipping is preparing to open two new routes to the Syrian port of Latakia, marking the beginning of new opportunities in the Syrian market, according to the […]
Our source has exclusively obtained the ruling of the Tripoli Court of Appeal regarding the case of facilities granted by the Libyan side to CKG from Sahara Bank, convicting Abdulatif Abdelhafiz Al-Keeb, Abdulrazzaq Ali Khalifa Al-Hamidi, and Ali Mohammed Mansour Al-Margani. The court sentenced them to one year in prison and ordered them to return […]
Economic affairs analyst Noureddin Hbarat provided an important clarification regarding the growing and alarming demand for foreign currency for all purposes, particularly trade credits and personal spending cards. According to a statement issued today by the Central Bank of Libya, the total foreign currency demand from March 1 to today reached 1.696 billion dollars—an average […]
The head of the Accounting Department at the Libyan Academy, Dr. Abu Bakr Abu Al-Qasim, wrote an article titled: “Are the Hypotheses of Untraceable Spending and Currency Printing Resurfacing?” He stated that the Central Bank of Libya (CBL), caught between a policy of monetary flooding and restriction, stands alone in confusion over this abnormal and […]
