Former Central Bank of Libya board member, Mrajaa Gaith, told our source that modifying the exchange rate or increasing the tax will not impact the demand for foreign currency. He explained that those seeking U.S. dollars are not commodity traders but rather a different group of speculators, drug dealers, and both legal and illegal foreign […]
Our sources from the Central Bank of Libya revealed in an exclusive statement that the Monetary Policy Committee at the Central Bank is in the process of preparing a detailed and crucial report covering financial and economic conditions, the exchange rate, and key recommendations, which will serve as the basis for several significant measures. The […]
The Nalut Primary Court has issued a new injunctive order against Khaled Shakshak, mandating his cessation of duties as the head of the Audit Bureau due to the loss of his legal standing based on this order. The order also obliges both the Prime Minister of the Government of National Unity and the Central Bank […]
Our source has exclusively obtained a letter from the Central Bank of Libya, instructing banks to allow their customers to acquire POS (Point of Sale) devices from up to three different banks. This decision comes as part of the Central Bank’s strategy to enhance banking services, promote electronic payment methods, and expand the availability of […]
The Deputy of the Audit Bureau has sent a letter to the Attorney General regarding a complaint filed by Malek Baayou, General Manager of Al-Inma Oil & Gas Company, in which he described actions taken against him by the head of the Audit Bureau as arbitrary. He emphasized that the company he manages is a […]
The Public Prosecution announced this evening that the Tripoli Court of Appeal has convicted the Minister of Education in the Government of National Unity, sentencing him to three years and six months in prison, along with a fine of 1,000 LYD. Additionally, he has been stripped of his civil rights for the duration of the […]
The Italian newspaper “MNGRNEWS” reported today, Saturday, that the decision to withdraw certain banknotes from circulation is linked to various reasons, primarily combating tax evasion and all activities considered illegal. This is undoubtedly a significant change, as it affects everyone who will need to adapt to a new type of economy. Which Banknotes Will Be […]
Today, Saturday, Independent Arabia published a report revealing that Tunisia’s private healthcare sector is awaiting the resolution of longstanding outstanding debts with the Libyan side. These debts, which have remained unsettled for over 13 years, stem from the treatment of Libyan patients and wounded individuals who sought medical care in Tunisian clinics following Libya’s security […]
The French intelligence website Africa Intelligence reported on Thursday that Farwa Shipping Company is launching new shipping routes to Syria. The report confirmed that the Libyan company Farwa Shipping is preparing to open two new routes to the Syrian port of Latakia, marking the beginning of new opportunities in the Syrian market, according to the […]
Our source has exclusively obtained the ruling of the Tripoli Court of Appeal regarding the case of facilities granted by the Libyan side to CKG from Sahara Bank, convicting Abdulatif Abdelhafiz Al-Keeb, Abdulrazzaq Ali Khalifa Al-Hamidi, and Ali Mohammed Mansour Al-Margani. The court sentenced them to one year in prison and ordered them to return […]
Economic affairs analyst Noureddin Hbarat provided an important clarification regarding the growing and alarming demand for foreign currency for all purposes, particularly trade credits and personal spending cards. According to a statement issued today by the Central Bank of Libya, the total foreign currency demand from March 1 to today reached 1.696 billion dollars—an average […]
The head of the Accounting Department at the Libyan Academy, Dr. Abu Bakr Abu Al-Qasim, wrote an article titled: “Are the Hypotheses of Untraceable Spending and Currency Printing Resurfacing?” He stated that the Central Bank of Libya (CBL), caught between a policy of monetary flooding and restriction, stands alone in confusion over this abnormal and […]
Italian strategic expert Daniele Ruvinetti told our source on Wednesday that irregular migration in Libya is a shared concern for Italy, which has been actively involved in addressing the issue, including through partnerships with Libya. Ruvinetti emphasized that the problem is linked to Libya’s internal instability and the absence of a unified government with institutional […]
Former Minister of Finance in the Government of National Accord, Faraj Bumtari, wrote an article titled: A Technical Analysis of the Central Bank’s Revenue and Expenditure Report from January 1 to February 28, 2025. Although the primary role of the central bank is to protect the monetary and economic stability of the state and prevent […]
The Central Bank of Libya exclusively revealed to our source that a new cash shipment arrived this evening from abroad. The bank is currently working on transferring the funds to its vaults in preparation for distribution and supplying the vaults of commercial bank branches across all Libyan cities. The Central Bank of Libya will continue […]
