Our source obtained a copy of the Central Bank of Libya’s circular to banks, instructing them to comply with Board of Directors’ decisions (reference numbers 25-26-27) issued on 16/6/2025, regarding the withdrawal of the first and second issues of the 20 dinar banknotes, the sixth, seventh, and revised seventh issues of the 5 dinar banknotes, […]
Oil Minister Mohamed Aoun stated exclusively to our source:“I would like to clarify the circumstances of what happened to me today, 13 Rabi’ al-Awwal 1447 AH / September 6, 2025, at Mitiga Airport, where I was planning to travel with my youngest son for a personal matter. What I recall is that there was an […]
Head of the General Oil Syndicate, Salem Al-Rumaih, revealed exclusively to our source that Oil Minister Mohamed Aoun has been officially released, stressing that the accused is innocent until proven guilty, and affirming that Aoun is a patriotic and honest man. Al-Rumaih added: “We are all under the law, and it must be applied to […]
Our source at the Ministry of Oil revealed that Oil Minister Mohamed Aoun was arrested while attempting to travel through Mitiga Airport, suggesting that the reason is linked to investigations carried out by judicial authorities into Libyan oil files. Member of Parliament “Miloud Al-Aswad” commented in a statement to our source: “Voices of truth that […]
Legal advisor Hisham Al-Harati stated exclusively to our source:“In light of reports regarding the arrest of Oil Minister Mohamed Aoun, we emphasize the need for authorities to adhere to legal principles and individual rights in all procedures related to this case. While the concerned bodies have the right to take appropriate legal measures, such actions […]
The economic affairs observer Rafi Al-Shawesh wrote: “The project to digitize state sectors and link them through an integrated network, aiming to improve the quality of services provided to citizens, is a massive national project and one of the strategic pillars for transitioning to a smart government. However, despite the massive investments spent on it—estimated […]
Our official source from the Central Bank of Libya stated exclusively that liquidity has been distributed to banks to cover the salaries of August, along with promoting electronic payment services. He confirmed that there is a stock of liquidity and no concerns. According to the source, this measure is only to avoid replacing withdrawn old […]
The financial analyst Khaled Al-Zantouti wrote an article in which he said: In recent days, I have been struck by what some social media platforms and media outlets are publishing—numerous debates and discussions about whether or not to float the Libyan dinar. I see this as nothing more than a kind of theoretical and rhetorical […]
The Minister of Oil and Gas, Mohamed Aoun, commented toour source on the letter of the Acting Chairman of the National Oil Corporation to the Prime Minister of the Government of National Unity regarding his request to redevelop Block NC7 in the Hamada field. He clarified that the letter is addressed directly to the Prime […]
The American agency Bloomberg reported that India turned to the spot market to secure oil shipments amid Washington’s efforts to halt the flow of Russian crude to the country. Bloomberg pointed out that a key index in the oil market, widely used to measure the strength of Middle Eastern crude against global Brent, showed that […]
The Central Bank of Libya revealed exclusively to our source that it has begun selling foreign currency to commercial banks, in line with the announcement made yesterday. The Central Bank added: “It is expected that the full amount will be injected today, Monday, along with the start of granting new letters of credit approvals to […]
The American website “The Maritime Executive” stated on Monday that it is likely a sharp debate will arise over the Turkish-Libyan agreement on the issue of oil exploration, and it is possible that some of those who strongly opposed the division at the beginning may have now changed their positions, believing that the potential economic […]
Our source has obtained exclusively a correspondence from the Central Bank of Libya to commercial banks. The Central Bank instructed bank managers to temporarily halt granting direct or indirect financing to legal entities in both the public and private sectors. It also emphasized adherence to the maximum limit on the overall expansion of the credit […]
Economic affairs commentator Rafi’ Al-Shaawesh wrote that the failure of the Libyan state to recover economically and developmentally after the February events lies in several factors, the most prominent of which are: He noted that there is a significant structural and practical gap among the following key specializations and theoretical orientations: He emphasized that the […]
Economic expert Idris Al-Sharif wrote that as long as the Central Bank remains the sole monopolistic source of selling foreign currency in the market, and since the Libyan economy is one-sided, relying on a single export commodity sold in dollars, there is no suitable method for determining the exchange rate other than the (fixed exchange […]
