Our source has obtained exclusively the decision issued by the Government of National Unity (GNU), which stipulates the cancellation of all transactions carried out in favor of the North Africa Development and Investment Company owned by Fathi Al-Kikli. The decision states the annulment of all transactions made in favor of companies owned by it, partnered […]
The Libyan businessman Husni Bey told our source that every economic equation requires clear and responsible decisions. He pointed out that the Central Bank of Libya is obliged to sell a specific amount of dollars at a certain price in order to meet the financial obligations needed to cover the government(s)’ public expenditures, as 93% […]
Our source has exclusively obtained a letter from the Secretary-General of the Council of Ministers of the Government of National Unity to the Minister of Finance regarding the correspondence of the Chairman of the Management Committee of the Development Bank, which included a request to release the accounts frozen at the Libyan Foreign Bank based […]
Economic expert Idris Al-Sharif highlights a legal and constitutional flaw in Libya’s pension system that creates unequal benefits and calls for urgent reform.
Professor of Political Economy Mohamed Al-Barghouthi wrote an article in which he stated: Despite all the efforts of the Central Bank of Libya to control the monetary situation, the economic reality remains more fragile than ever before.What is happening today can only be described as a temporary postponement of a potential collapse, not real stability […]
The Central Bank of Libya stated exclusively to our source that shipments of cash began arriving in Libya today and will be delivered to the Issuance Department at the Central Bank. These shipments will continue to arrive in the coming period in preparation for distributing cash to branches of commercial banks starting from next December […]
The Central Bank of Libya revealed exclusively to our source that the Board of Directors has decided to inject more than $2 billion to cover existing letters of credit and personal-use allocations for commercial banks starting next Monday, the beginning of December. This measure aims to complete settlements before the end of the year and […]
The economic expert Idris Al-Sharif has written a proposal to address the Social Security Fund’s inability to implement the pension increases stipulated under Law No. 5 of 2013.The Social Security Fund is unable to implement the increases mandated by Law No. 5 of 2013 regarding raising retirees’ pensions, due to the absence of a sustainable […]
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks and their compliance units regarding the issuance of letters of credit. This follows the bank’s observation of weak compliance with regulatory and supervisory requirements aimed at mitigating risks that banks may face both locally and internationally. The Central […]
The First Deputy of the Municipal Guard Authority, Mohamed Al-Naem, explained to our source the reasons behind the boycott campaign launched by several food retailers in response to some companies enforcing cash-only payments. He stated that this campaign is part of consumer protection principles and is a legitimate option used against those who provide poor […]
Written by: Financial Analyst Khaled Al-Zantouti Many of us celebrated, rejoiced, and felt hopeful — even the outside world “cheered” with us — when the (conflicting legislative parties) finally reached an agreement regarding the unification of development spending, even though it is an unknown agreement whose nature, motives, and figures remain unclear. Since we have […]
Libyan businessman Husni Bey told our source in an exclusive statement:“There has been widespread welcome for the new Libyan agreement, the ‘Unified Development Program.’” He added:“The Libyan public — especially those interested in economic affairs — has shown strong approval following the announcement of the signing of the ‘Unified Development Program’ agreement between the House […]
The Head of the Accounting Department at the Libyan Academy, Abubakr Abu al-Qasim, wrote exclusively: The development spending agreement is a step we value — but… He continued:“After numerous appeals from experts, international organizations, and the Central Bank for the need to agree on clear and unified spending mechanisms to put an end to the […]
Professor of Economics at Benghazi University, Dr. Ayoub Al-Farsi, exclusively told our source regarding the signing of the Unified Development Program agreement that it is the fruit of the Central Bank’s (CBL) efforts to mediate a common formula for the 2026 budget. These efforts began from the first days the new administration took leadership of […]
The Professor of Economics at Benghazi University, Ali Al-Sharif, stated: “Against the backdrop of the accelerating urban revival witnessed in the eastern and southern regions of the country, the agreement between the House of Representatives and the High Council of State constitutes a pivotal step towards unifying the state’s financial vision.” He added: “This agreement […]
