Economic analyst Khaled Al-Zantouti told our source in an exclusive statement:“I don’t understand the origin of the term ‘burning a check’ — burning consumes the entire check, not just part of it!” He continued:“Away from the showy discussions of some so-called ‘analysts’ about economic theories, money supply, and monetary bases — with their often unrealistic […]
Libyan businessman Hosni Bey told our source in an exclusive statement that speculation on the Libyan dinar — known as “burning cheques” — is a crime, stressing that protecting the economy and citizens starts by cutting off the sources of profit gained through such acts. He explained that speculation on the dinar, or “burning cheques,” […]
The Embassy of Bangladesh in Libya announced on Monday that through the continuous efforts of the Bangladeshi Embassy in Tripoli, and in full cooperation with the Government of National Unity, 309 Bangladeshi nationals who wished to voluntarily return home were repatriated from Tripoli to Bangladesh on October 9, 2025. The embassy stated that the returnees […]
The Central Bank of Libya confirmed in an exclusive statement to our source that a large-scale purchase of foreign currency is contributing to the rise in the dollar exchange rate. The source of these purchases is one of the commercial banks, which finances the expenses of certain entities and destinations for the currency in some […]
Economic expert Idris Al-Sharif told our source exclusively: “The Libyan economy is a simple cash-based economy. Despite efforts to expand electronic payment services, which have achieved remarkable success over the past year, the preference for liquidity—arising from the fact that many economic activities and transactions can only be conducted in cash—forces citizens to seek cash […]
By Economic Expert Ibrahim Wali: The central bank is not merely a governor, a deputy governor, and a group of employees — it is a collective of minds possessing scientific knowledge and vast experience in monetary, economic, and legal affairs. These minds operate within an institution endowed with broad powers and independence in the exercise […]
In an exclusive statement to our source, economic expert Dr. Suleiman Al-Shahoumi said that the current situation, which has deepened check speculation, must be studied carefully. He explained that withdrawing cash from circulation without providing effective electronic alternatives has inevitably widened the gap between cash and checks. He continued: “The Central Bank of Libya must […]
Economics professor at the University of Benghazi, Ali Al-Sharif, told our source exclusively that eliminating currency speculation requires maintaining a steady supply of goods and services in the market to gradually eliminate excess demand. This, he explained, would significantly narrow the gap between supply and demand, limiting opportunities for speculation until they disappear naturally — […]
An economic report by the Italian news agency Nova on Sunday revealed that the value of trade exchange between Italy and Libya fell to €4.76 billion between January and June 2025, compared to €6.02 billion during the same period in 2024 — a decline of about 21%. The report attributed this drop to a decrease […]
The Central Bank of Libya revealed exclusively to our source that the total value of letters of credit approved by banks through the credit platform reached $7 billion, and these have been verified and forwarded to the Central Bank on a regular basis since August. It added that it continues to process and approve these […]
Our source revealed that that among the most prominent violations recently raised regarding the performance of the current management of African Airlines is its contract with an insurance company that does not meet the required technical and legal conditions. Correspondence from the Insurance Supervision Authority revealed that the issued insurance policies are invalid and provide […]
The Chairman of the Board of Directors of Al-Baraka Insurance Company, Yahya Al-Barouni, stated to our source that, according to the official correspondence concerning the company, Al-Baraka Insurance was established in 2022 and began operations in 2023 with a new vision focused on incorporating technology into its business. He explained that the company implemented the […]
Written by Economics Professor Anas Al-Amin: The Central Bank of Libya recently announced a notable increase in foreign reserves — a clear indicator of improved management of external assets and the restoration of a degree of monetary stability. These figures reflect the bank’s success in managing oil revenues and efficiently employing them within the tools […]
The World Islamic Call Society told our source that Maltese authorities began seizing land owned by the association under a government allocation and judicial rulings, conducting surveying and excavation activities today without prior notice. The action comes as a result of the association’s failure to meet obligations related to taxes, social security, electricity, and salaries. […]
Our source obtained a letter from the Central Bank of Libya inviting commercial banks to subscribe to the first issuance of Absolute Murabaha Deposit Certificates, to be issued according to the periods and maturity dates detailed in the attached subscription announcement for each type. The first issuance will take place on Sunday, November 2, 2025, […]
