Our source has exclusively obtained — confirming what it reported yesterday — a correspondence from the Central Bank of Libya addressing Aman Bank for violating CBL instructions by deducting a commission of 1 dinar (LYD) for each purchase transaction using the local card at Point of Sale (POS) terminals, 1% commission for each cash withdrawal […]
Libyan businessman Husni Bey stated in an exclusive comment to our source: “The withdrawal of a banknote denomination or a specific issue of currency — whether it is the 50, 20, 5, or 1 dinar note — does not mean canceling the nominal value of the currency or the issue to be withdrawn. Rather, the […]
The Central Bank of Libya revealed to our source exclusively: “Following complaints submitted to the Central Bank by small traders, the Central Bank of Libya has obligated commercial banks to open letters of credit on behalf of small traders, instead of limiting the service to a specific group.” The Central Bank directed the management of […]
Our source at the Central Bank of Libya revealed in an exclusive statement that UBCI, Aman Bank, and the Libyan Islamic Bank are facing penalties today, following in the footsteps of Jumhouria Bank. The source stated: The Central Bank of Libya is punishing the three banks and compelling them to return amounts deducted from customers’ […]
Anas Ashneibeesh wrote an article in which he said:In a world where technological advancement is accelerating, digital transformation has become a national necessity, not a choice. Singapore presents a model worth emulating in how it has employed technology to build a strong economy and an integrated society, despite limited natural resources. From this perspective, Libya—currently […]
Former member of the Board of Directors of the Central Bank of Libya, Mraja’a Ghaith, stated that the economic expert Mohammed Al-Safi had proposed setting a predetermined ceiling for the budget allocated to government entities, with the requirement that these entities operate within that ceiling. He also suggested linking some budget chapters to non-oil revenues […]
Anas Ashneibeesh wrote an article stating:The world has long been moving toward reducing reliance on paper money, yet Libya still suffers from an economy heavily dependent on cash liquidity, which impedes transparency, enlarges the informal market, and slows the national economic engine. However, with the Central Bank of Libya continuing to print cash, a strategic […]
The oil-focused website OilPrice reported on Thursday that Libya aims to boost its oil production to 2 million barrels per day by 2028, through new bidding rounds designed to attract major international oil companies. According to the site, rising political instability threatens to trigger a new oil blockade and production disruptions. The report pointed out […]
The German website Blitz reported on Tuesday that the takeover of the Abu Salim district in the capital Tripoli involves critical financial infrastructure. When a rival faction was eliminated under the guise of a government-led “purge,” control of Abu Salim shifted to forces loyal to the Government of National Unity (GNU). These forces now control […]
The Central Bank of Libya has announced that its Board of Directors has convened and issued decisions to withdraw several “old issues” of banknotes from circulation — confirming the exclusive report published by our source in recent days. The decision takes effect starting June 17, 2025, with the final deadline for commercial banks and their […]
Our source at the Central Bank of Libya revealed to that the Central Bank has uncovered an illegal printing of the 50-dinar denomination, confirming that the bank officially received over 3 billion dinars more than the original printed amount (13.5 billion dinars), bringing the total recorded amount of 50-dinar notes to more than 16 billion […]
Our source has exclusively obtained a circular from the Director of the Issuance Department at the Central Bank, addressed to commercial banks, outlining the mechanism for implementing the decision to withdraw certain currency denominations from circulation (1 dinar, 5 dinars, and 20 dinars). Key points of the circular:
Written by financial analyst Khaled Al-Zantouti: With all due respect to every viewpoint, a budget by definition implies capping—each expenditure item listed in the budget is inherently limited to a specific amount. Likewise, all items in the budget are labeled—meaning they are devoted to a particular purpose. In emergencies, there are reserves that can be […]
Written by Professor of Political Economy Mohammed Belqasem Al-Barghouti: The Proposal for Budget Capping and Labeling – A Serious Step Toward Fiscal Discipline That Restores the State’s Authority Amid Libya’s complex economic landscape—where resources are drained and traditional tools fail to bring financial stability—Professor Mohammed Al-Safi’s proposal for “budget capping and labeling” stands out as […]
Ahmed Zaher wrote an article entitled: “Libya and the Curse of Oil – When the Economy Devours Society“: Great wealth doesn’t always produce great nations; sometimes, it yields even greater corruption—because when abundance precedes awareness, it turns from a blessing into a curse. When Libya transitioned from a feudal system to capitalism, the consequences of […]
