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 […]
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 […]
