The economic expert Saber Al-Wahsh wrote: The current situation in the parallel exchange market is not normal, and repeated interventions—such as drawing from reserves or injecting more foreign currency—will not be effective. In my view, the best approach to this situation requires a series of clear and carefully considered steps, some of which I propose […]
Our source at the Central Bank of Libya confirmed exclusively that the Bank has allocated billions of dollars to contain market volatility, now operating under legal frameworks and Central Bank oversight. According to the source, positive signs have begun to emerge in terms of controlling public spending, especially parallel spending, thanks to certain understandings between […]
Our senior source at the Central Bank of Libya revealed exclusively: “We have the ability to bring the parallel market under control, keeping the dollar below 7 dinars, following the resumption of licensed exchange offices and companies. These are not mere signals, but part of a well-organized plan being developed for this purpose.“ The source […]
Our exclusive sources confirmed the continued detention of the Director of the Trademarks Office, Salah Al-Hawali, who was appointed by the Minister of Economy of the Government of National Unity, Mohamed Al-Huwaij, amid ongoing investigations that include summoning several officials at the Ministry of Economy. This comes in connection with cases related to the forgery […]
Our source has exclusively obtained invoices related to flights organized by the Council of Ministers of the Government of National Unity, with values amounting to millions. According to the documents, a flight to return the President of the Audit Bureau cost 925,000 dinars. Other flights included one for the Prime Minister’s Office worth 706,000 dinars, […]
The Internal Audit Department at Nuran Bank disclosed its internal report to our source, stating that the total restructured financing in 2024 exceeded 376 million dinars, as it was rescheduled due to clients’ inability to repay. The bank clarified that only 53.8 million dinars are considered regular financing, while the percentage of non-performing loans reached […]
Our exclusive sources revealed that one of the main reasons for the rise in the dollar exchange rate is the continued intensive government spending in both the eastern and western regions, alongside the parliament’s insistence on passing a budget exceeding 160 billion. According to the sources, the parliament continues to send official correspondence to approve […]
The Central Bank of Libya confirmed exclusively to our source that it is closely monitoring market conditions, noting that several factors have contributed to the rise in foreign exchange rates. Some are temporary, such as speculation, money laundering linked to the 20-dinar banknote, and exploitation of the grace period before its withdrawal from circulation. International […]
Our source has obtained, exclusively, a circular from the Ministry of Education in the Government of National Unity addressed to the private education offices within the regional education directorates. The circular conveys the Minister’s instructions that issuing or renewing an operating (practice) license is contingent upon submitting proof of a contract with one of the […]
The French intelligence website Africa Intelligence reported today, Sunday, that the National Oil Corporation’s project in the south of the country has come to a complete halt. The website indicated that construction of the refinery in the city of Fezzan stopped due to disagreements over budget estimates, and that Zallaf Libya Oil & Gas—affiliated with […]
Our source has exclusively obtained official correspondence from the Governor of the Central Bank of Libya, in which he directed the Ministries of Health, Education, Higher Education, and Transportation in the Government of National Unity to instruct all affiliated and supervised institutions to mandate the use of electronic payment methods approved by the Central Bank […]
The Head of the Administrative Control Authority has issued a decision to suspend the Board of Directors of the National Maritime Transport Company. Our sources exclusively revealed that board members had signed training contracts tainted by corruption, favoritism, and nepotism with institutions in Malta, transferring advance payments in foreign currency to entities unrelated to the […]
Our source has obtained a decision from the Head of the Administrative Control Authority, Abdullah Qaderbouh, addressed to the Minister of Labor and Civil Service in the Government of National Unity, stressing the need to reassign surplus employees of Libyan Airlines based on their academic qualifications, to public institutions according to their needs, and to […]
Our private source revealed the appointment of Ashraf Abu Ras as Chairman of the Steering Committee for Sahara Bank. The appointed members include:Al-Mahdi Saleh, Abdulatif Al-Tunsi, Ahmed Al-Shtiwi, Ahmed Abdulkarim Rajab, Saad Mohamed Mahmoud, and Ashraf Nouri Alwan.Additionally, Anas Ali Ramadan has been appointed as the General Manager of the bank.
Our source has obtained a copy of the Customs Authority’s circular initiating the implementation of procedures to completely ban the entry of any goods through customs ports unless they are tied to documented banking operations (letters of credit – direct transfers – collection-based documents). This comes as Minister of Economy in the Government of National […]
