Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya regarding his instructions to banks and licensed exchange offices and companies. The directive authorizes banks to open foreign currency-denominated accounts for exchange offices and companies that have been granted operating licenses by the Central Bank of Libya to conduct […]
The Governor of the Central Bank of Libya, in a letter addressed to the Minister of Economy of the Government of National Unity, called for the resumption of the suspended decision regarding the regulation of import and export activities. This decision stipulates that the practice of import, export, and re-export should be restricted solely to […]
The tech blogger “Amin Salih” wrote an article entitled: A harsh testimony about the Libyan telecommunications sector “Today, I share with you a personal testimony about the reality of the telecommunications sector in Libya, and the companies of the LPTIC, from a period I fully witnessed. And if this sector witnesses a collapse in the […]
The Central Bank of Libya told our source exclusively that it has agreed on a mechanism to inject $1 billion for letters of credit and personal use, and to settle all pending requests in the system, with work accelerating starting tomorrow, Tuesday. The Central Bank will continue monitoring all foreign currency requests from traders, including […]
Our source has exclusively obtained the decision issued by the Board of Directors of Al-Ahlia Cement Company, which stipulates a price adjustment for cement starting from July 1. According to the decision, the price of one ton of bagged cement produced by the company’s factories and delivered at the factory gate (on truck bed) will […]
Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya addressed to the Minister of Interior in the Government of National Unity. In the letter, the Governor called for strict and deterrent measures to limit and eliminate the practice of buying and selling foreign currency outside official channels and […]
Our source that commercial banks have started swiftly approving letters of credit for small traders, following the Central Bank of Libya’s decision to set a credit ceiling of $300,000. The sources confirmed that any citizen applying for a letter of credit within this set limit now receives approval within just two days—an indication of the […]
Our source has exclusively obtained information about a meeting held at the Central Bank of Libya between the Governor and the heads of relevant departments. The meeting focused on the plan to inject no less than $1 billion through the letters of credit system and the personal use foreign exchange system during this week.
The English-language African news outlet APA reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year—provided current geopolitical tensions in the Middle East keep Brent crude prices above $100 per barrel. The site noted that this potential increase in income would benefit Libya, despite […]
Exclusive sources told our source that the South Tripoli Primary Court has issued its ruling regarding the appeal submitted by the President of the Administrative Control Authority, in his capacity, concerning the implementation of the Constitutional Chamber’s ruling in constitutional case No. 70/9Q. This case had previously ruled the unconstitutionality of Law No. 2 of […]
The French intelligence website Africa Intelligence reported that German company BASF is seeking to separate from its Russian partner in Wintershall, as the chemical giant has so far been unable to sell all of its oil assets in Libya. The core issue lies in the fact that its main partner is under international sanctions following […]
Economist Ibrahim Wali wrote an article in which he stated:The Banking Sector Between Past and Present:Economic reform policies must be based on implementing the policy of economic liberalization, under which the market’s role in directing economic activity is activated, along with restructuring public sector institutions on investment-based foundations. This would, in turn, lead to economic […]
Our source has exclusively obtained a letter from the Central Bank of Libya addressed to UBCI, warning the bank over unauthorized deductions of fees from customers. According to the findings of the inspection mission carried out at Al-Muttahid Bank between May 26–27, 2025, the bank was found to be in violation of the Central Bank’s […]
Our source exclusively has obtained a letter from the Central Bank of Libya addressed to the Libyan Islamic Bank, instructing the bank to refund fees it had deducted from customers, amounting to over 419,000 Libyan dinars. The directive follows the findings of an inspection conducted on the bank, which revealed violations of the Central Bank’s […]
Italian strategic expert Daniele Ruffinetti told our source on Monday that Libyan oil could certainly serve as an alternative in the event of oil supply disruptions if Iran decides to respond by attempting to close the Strait of Hormuz. In such a scenario, Libya could distance itself from these dynamics and may be able to […]
