Former board member of the Central Bank of Libya, Mrajaa Ghaith, spoke to our source regarding the activation of exchange services. He stated that the 2013 decision approved the establishment of exchange offices under the condition that they would not obtain foreign currency from the Central Bank. “If the Central Bank currently provides foreign currency […]
The Head of the Accounting Department at the Libyan Academy, Dr. Abu Bakr Abu Al-Qasim, spoke exclusively to our source, stating: “The decision by the Governor of the Central Bank of Libya to grant operating permits to 64 exchange companies and offices is a highly commendable step. It comes after repeated demands to regulate and […]
Libyan businessman Hosni Bey told our source exclusively: “After 12 years of waiting since submitting applications for exchange office licenses in compliance with the law, the Central Bank of Libya has granted permits to practice the profession under the supervision of the relevant administration within the Central Bank.” He added, “Finally, exchange office licenses are […]
Our source has obtained a letter from the Head of the Audit Bureau, Khaled Shakshak, addressed to the Libyan Foreign Bank, instructing it to freeze the accounts of the Mediterranean Company and halt any transactions from those accounts. Shakshak also directed the Chairman of the National Oil Corporation to assign committees to audit the company’s […]
A special source revealed to our source that the exchange rate of the dollar in the parallel market is expected to drop below 6.4 Libyan dinars this week. It is worth noting that an agreement was reached between the Central Bank of Libya, the National Oil Corporation, with support from the Audit Bureau and the […]
Our source has obtained a letter from the Head of Abu Salim Municipality to the Head of the Administrative Control Authority regarding the economic reform initiative. The letter emphasizes that the municipality has taken proactive measures by closely monitoring the country’s economic situation and committing to guidelines aimed at controlling and rationalizing spending during 2023 […]
The Central Bank of Libya exclusively revealed to our source that an agreement was reached with the National Oil Corporation, supported by the Audit Bureau and the Public Prosecutor’s Office, to transfer oil revenues to the Central Bank on a daily basis. This arrangement has facilitated the bank’s ability to meet foreign exchange requests starting […]
A source at the Central Bank of Libya exclusively disclosed to our source the foreign exchange system report for February 2. The source stated that $484 million was reserved for personal purposes, while $276 million was sold from previous reservations. Additionally, $243 million was allocated to cover previous letters of credit, and approximately $300 million […]
A financial official told our source that the Ministry of Finance’s directive requires employees to provide proof of owning a bank card as a mandatory condition for salary disbursement. He stated, “The directive means that any state employee with a bank account must obtain and activate a bank card and provide its details to their […]
The Chairman of the National Oil Corporation, Masoud Suleiman, told Reuters on Friday that the corporation will focus on increasing production and enhancing transparency as Africa’s second-largest oil producer seeks to recover from years of instability. The state-owned corporation oversees fossil fuel production, which has been disrupted since the ousting of leader Muammar Gaddafi in […]
Our source has obtained the decision of the President of the Audit Bureau, Khaled Shakshak, to form a committee to review projects at Waha Oil Company. The committee consists of: Azeddine Mohamed Hudud, Yassin Ahmed Al-Zaidi, Murad Mohammed Al-Ahyoul, Ahmed Ibrahim Akreem, and Ashour Milad Ashour.
Mahmoud Al-Sid Al-Dakhli, the brother of Mohamed Al-Sid Al-Dakhli, an employee of the Foreign Investment Company who was kidnapped today, spoke exclusively to our source. He explained that the incident traces back to a protest staged by employees of the company, located in Al-Dhahra, Baladiya Street, and managed by Moussa Atig from the southern region, […]
Italian strategic expert Daniele Ruvinetti spoke to our source on Wednesday, stating that the recent developments appear to be linked to the resignation of National Oil Corporation Chairman Farhat Bengdara. Ruvinetti noted that Khalifa Haftar has long called for a fair distribution of NOC revenues between eastern and western Libya, emphasizing the importance of energy […]
Our source has exclusively obtained a circular issued by the Minister of Finance of the National Unity Government, Khaled Al-Mabrouk, regarding the determination of rental allowances for ministry employees. According to the circular, the maximum monthly rent allowance for ministers is set at 6,000 dinars, while deputy ministers will receive up to 3,000 dinars. Assistant […]
Our source has exclusively obtained a letter from the Director of Financial Controllers at the National Unity Government’s Ministry of Finance, in which the minister’s instructions were circulated. According to these instructions, the ministry’s relevant departments and financial controllers are required to encourage individuals receiving salaries from entities funded fully or partially by the state […]
