Our exclusive sources revealed that there are reports about the resignation of the General Manager of the National Commercial Bank, Ali Al-Khuwaildi, from his position. According to the sources, the Deputy General Manager has been assigned to take over the role.
Libyan businessman Husni Bey revealed to our source in an exclusive statement: “Since 1971, the world has faced a fundamental economic question that remains unresolved: is currency a means of exchange or a commodity subject to market laws? International experience has shown, without exception, that after abandoning the gold standard, currencies are no longer guaranteed […]
Economic expert Mohamed Al-Sanusi told our source in an exclusive statement that the rise of the dollar in the parallel market is expected — and that we may witness new, unprecedented levels if the Central Bank continues its irrational policies and continues “selling illusions to the public.” He added: “We all remember how the Central […]
The Central Bank of Libya told our source exclusively that more than $1.5 billion was sold to banks on Monday and Tuesday to cover letters of credit, with coverage continuing and all systems operating normally. The Bank confirmed that what is happening in the market is pure speculation intended to pressure authorities into canceling audit […]
The Central Bank of Libya revealed to our source exclusively that the salaries for November will be paid starting tomorrow, Wednesday, through the “Instant Salary” system.
Our source obtained a correspondence from the Attorney General to the Chairman and members of the Board of the National Oil Corporation. In the letter, he revealed that, given the review of the fuel supply system to the country, there are concerns regarding the unfairness of administrative and financial procedures related to it. This is […]
After the launch of the “Instant Salary” system by the Central Bank of Libya and the Ministry of Finance of the Government of National Unity as a monitoring tool aimed at controlling violations and theft in the salary file and ensuring that salaries reach their rightful recipients without delay, the Central Bank’s statement for the […]
Economic expert Saber Al-Wahesh told our source in an exclusive statement that the US dollar reaching 8 dinars occurred despite the Central Bank of Libya beginning to settle letters of credit and personal-use allowances. He attributed this rise to a combination of overlapping factors. Al-Wahesh explained that the Central Bank’s recent measures—particularly its stricter auditing […]
Economic expert Mohammed Al-Barghouti confirmed in an exclusive statement to our source that the continued rise in the dollar’s exchange rate comes despite the Central Bank of Libya injecting large amounts of foreign currency through letters of credit and personal-use cards, explaining that market demand remains high and significantly exceeds the available supply. Al-Barghouti clarified […]
The website DiscoveryAlert reported that Libya has launched a historic bidding round for oil exploration across 22 blocks, marking the largest initiative in 18 years. The round includes 11 offshore and 11 onshore blocks, focusing on attracting major international companies to invest in exploring and developing Libya’s oil and gas resources. Strategic Forces Reshaping Libya’s […]
Traders report receiving approvals from Libya’s Central Bank for personal purposes and letters of credit, confirming the bank’s ongoing settlements and currency sales to banks.
The Central Bank of Libya exclusively told our source that it has begun settling letters of credit and personal purposes, selling currency to banks, and granting new approvals as announced in the past period. The Central Bank had previously informed our source about the Board of Directors’ decision to inject more than $2 billion to […]
By Osman Al-Hdhiri, legal expert in the oil sector: The Libyan people have been closely following the alarming corruption cases recently revealed by the Attorney General—cases in which senior officials from ministries, authorities, and public companies stand accused. Instead of seeing a decisive and unwavering government response that prioritizes the nation’s interests, many citizens have […]
Our source has exclusively obtained the decision of the Council of Ministers of the Government of National Unity appointing a new president for the Authority of Medical Equipment, Supplies, and Devices. The decision assigns Ahmed Shabsh as President of the General Authority for Medical Equipment, Supplies, and Medical Devices.
Dr. Abdussalam Abdullah Nasiya wrote: Since the withdrawal of the new 20- and 5-dinar banknote denominations, Libya has been experiencing a new wave of financial suffocation. Scenes of long queues in front of banks and ATMs have resurfaced, amid the absence of any guarantee of obtaining cash. At the same time, as the exchange rate […]
