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Al-Barghouthi: “The Libyan Dinar Between Floating and Pegging”

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 […]
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Al-Zantouti Writes: “Dollar Accounts for Libyan (and Other) Depositors in Our Local Commercial Banks… Why Not!!”

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 […]
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Exclusive.. Central Bank: Total Value of Banks’ Requests to Cover Letters of Credit for September Reaches $3.7 Billion, to Be Executed Next Week

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 […]
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A Banker to Sada: “How Will the Central Bank Succeed in Containing the Black Market for Currency!”

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 […]
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The New York Times: The National Oil Corporation Is a Matter of Great Importance to Washington.. Here Are the Details

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 […]
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Al-Safi: “Whoever Understands Political Economy Will Rule Libya”

The economic expert Mohamed Al-Safi wrote: Whoever understands political economy will rule Libya. Let us imagine politics as a market, with traders (politicians) and customers (citizens). In this market, the successful traders are those who understand the signals of the market and recognize what customers want, getting ahead of other traders in bringing the “desired […]
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Exclusive.. Central Bank: Strong Measures Will Be Taken Against Any Bank That Violates Our Instructions, and Signs of Breaches in Credit Regulations

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 […]
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Exclusive.. Central Bank Governor Suspends the General Manager of Aman Bank and Refers Him to Investigations over a Branch Violation

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 […]
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Anas Al-Ameen: Libya’s Options Between Full Float and Managed Float—Which Path to Strengthen the Dinar and Diversify the Economy?

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 […]
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Al-Barghouthi writes: “Libya and the Gold Backing of the Dinar.. Between Local Reality and Global Transformations”

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 […]
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Al-Sharif: “The Central Bank Announces the Possibility of Supplying Foreign Currency After Years of Involving Libyans with Cards… An Investigation Must Be Opened”

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 […]
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Exclusive.. Central Bank: “We have a large cash reserve covering the withdrawn denominations, and distribution will be faster starting in October”

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 […]
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Exclusive: Central Bank begins importing foreign currencies in cash to sell to exchange companies, with $500 million expected to be injected in the first phase

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 […]
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Al-Zantouti writes: “The Possibility of Falling Oil Prices… What Should We Do?”

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 […]
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Exclusive.. Central Bank Sets Additional Working Days for Collecting Banknotes Scheduled for Withdrawal at the End of September

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 […]