Our source has obtained a copy of a decision issued by the Minister of Economy in the Libyan government regarding the ban on carrying out import and export activities except through banking operations. The decision also stipulates prohibiting joint companies or branches of foreign companies from carrying out any financial transfers except through approved banking […]
Faraj Aqaim, Undersecretary of the Ministry of Interior in the Libyan government, warned currency traders in areas under the control of the Libyan Armed Forces against keeping large sums of money in their homes or farms without a license, emphasizing that such actions constitute a clear violation of the law. Aqaim explained that some of […]
Our source obtained a correspondence from the Director of the Office of the Chairman of the Presidential Council to the Director of the Central Bank of Libya. The letter requests a detailed report on the value of currency denominations distributed to all banks, specifying the branches and recipients during 2025. It also requests a comprehensive […]
Financial expert Khaled Al-Zantouti wrote an article in which he stated: In this brief piece, I will not address a financial or economic issue directly. Rather, I will speak in general—and succinctly—about poor management in our real Libyan environment and its negative effects on the national economy. I firmly believe that poor management is the […]
Written by consultant Mustafa Al-Manea, Libya and the African Development Bank Strategy 2025–2028 At this stage, Libya seeks to move beyond traditional models of financing development projects and to abandon exclusive reliance on the public budget. This comes as the Government of National Unity works to restore confidence with regional and international partners, stimulate foreign […]
The Decode39 website reported “China in Libya: why Beijing’s return matters in the Mediterranean.” After more than a decade of absence, China is once again moving openly in Libya. Here is what we are watching. The reopening of the Chinese embassy in Tripoli on November 12 does not represent an isolated diplomatic gesture, but rather […]
Our exclusive sources revealed that there are reports of the resignation of Suleiman Al-Azzabi from the management of Jumhouria Bank. Al-Azzabi was appointed Director of Jumhouria Bank on 31 July 2025.
Libyan businessman “Husni Bey” told our source that a collective agreement was reached among all parties during the banking forum session. He stressed that the Central Bank of Libya should not finance any deficit spending, regardless of pressures, because financing spending through deficits means creating new money, which directly leads to inflation and the collapse […]
Banking expert “Nu’man Al-Bouri” said in an exclusive statement to our source that digital transformation is not, in his view, a telecommunications problem. He added that talking about “zero cash” is a dream—there is no country in the world that operates with zero cash. He explained that he understands the Central Bank’s intent is to […]
Member of the Central Bank’s Board of Directors, Fakher Bouferna, told our source that the Central Bank has failed in some areas but succeeded in others, stressing that one year is not sufficient to judge the performance of the Central Bank’s Board of Directors. He explained that the Board’s decision to withdraw currency was a […]
Former member of the Board of Directors of the Central Bank of Libya, Mrajaa Ghaith, said in an exclusive statement to our source that even if the Central Bank were to inject all of its reserves, the dollar would fall and then rise again a week later, because demand for the dollar is informal. “We […]
The member of the Board of Directors of the Central Bank, Ridha Gargab, stated to our source that the Central Bank enjoys a significant degree of independence, though the environment remains pressuring on its Board of Directors. He explained that the Central Bank issues new decisions on a daily basis “to introduce reforms,” noting that […]
The Global Arbitration Review reported that a US court has granted permission to a Turkish contractor to seize Libyan assets. This comes as part of the contractor’s efforts to collect a US$30 million investment compensation awarded to him for unpaid debts related to construction projects dating back 30 years.
Our source has obtained the Central Bank of Libya’s correspondence instructing banks to extend working hours until 5:30 PM, starting from Sunday, December 14 to Thursday, December 18, in order to give citizens more time for cash withdrawals. The directives also include increasing the number of cash distribution counters and fully refilling all ATMs with […]
One of the residents of the Savings and Real Estate Investment Bank building in the Meizran area told our source:“The apartments were previously rented to private companies. After these companies left in 2011, the apartments became empty. We moved in during 2013, and some of us at the end of 2012, with ownership certificates.” He […]
