The Islamic Call Association exclusively told our source that it has initiated criminal proceedings against the former board member of the association, “Ali Salem Sallabi,” and those who assisted him in the crime of impersonation. This involved attending meetings with oversight bodies and presenting himself as a member without legal documentation, thereby misleading the judiciary […]
An analytical report published by Le Monde Diplomatique highlighted that the naturalization of foreigners contributes to creating and reinforcing what it described as a “blackmail economy” in Libya. The report explained that Brussels’ approach has not effectively reduced migrant crossings but instead turned migrants into “pawns” who end up in detention centers financially exploited amid […]
The Central Bank of Libya revealed exclusively to our source that one of the most important upcoming steps is combating the smuggling and export of goods through border crossings, in cooperation with the Ministry of Economy and the regulatory and security agencies, as these practices cause a significant waste of resources. It added that there […]
The Central Bank of Libya revealed exclusively to our source that the number of reservations for letters of credit approved by banks since the launch of the credit reservation platform has reached 6,100 credits, with a total value of $6 billion. Of this amount, $3.7 billion has been transferred to the Central Bank, while the […]
The Islamic Call Society told our source exclusively that a former committee member of the society came to its headquarters accompanied by others, falsely claiming—without any official documents—that he had obtained backing from a sovereign authority to assume management of the society, based on a decision of the General National Congress which courts had recently […]
Confirming what our source had exclusively reported, the Central Bank of Libya revealed that this week it executed letters of credit worth $3.7 billion in the form of sales to banks and granting final approvals. According to the Central Bank, banks have been notified to provide coverage in their own accounts and those of their […]
The Central Bank of Libya told our source exclusively: We have coordinated with the Ministry of Economy on implementing a package of measures to regulate the import process, including a ban on imports unless conducted through banking procedures, now in effect. This aims to support small traders and ensure the smooth flow of goods with […]
Our source has exclusively obtained a correspondence from the Customs Authority addressed to the Head of Misrata Free Zone Port Customs concerning the enforcement of the ban on practicing import, export, and re-export activities except through operations approved by the Central Bank of Libya, while also requesting several data points. According to Customs, the detailed […]
Professor of Economics Mohammed Al-Barghouthi wrote: A strong currency is not measured by its exchange rate. There is often confusion between the nominal exchange rate of a currency as shown in the market against the dollar or euro, and the deeper economic meaning of currency strength. A strong currency is not necessarily the one with […]
Professor of Economics Anas Al-Amin wrote an article titled: What if Libya charted its path to 2040? A vision for change and comprehensive reform. Libya is currently going through a complex and overlapping stage of political, economic, and social crises, making state management a constant challenge. Repeated political divisions have weakened state institutions and lowered […]
Libya’s Ambassador to Italy, Mohannad Younis, confirmed exclusively to our source that the funds of the Libyan embassy in Italy have been frozen. According to Younis, the reason goes back to lawsuits filed against the embassy related to old debts and outstanding dues, some of which date back more than 15 years. He stressed that […]
Our source has exclusively obtained a correspondence from the Government of National Unity addressed to the Acting Director General of the Customs Authority regarding the implementation of the Central Bank of Libya’s National Committee for Combating Money Laundering and Terrorism Financing statement on cash disclosure at customs entry points and the filling out of designated […]
Our source has exclusively obtained a circular from the Central Bank of Libya, instructing commercial banks to once again notify their customers of the approaching end of the withdrawal period for the 20, 5, and 1 dinar currency notes. The Central Bank also urged banks to facilitate procedures related to deposits.
The French intelligence website Africa Intelligence reported on Thursday that a persistent struggle is underway between rival factions in eastern and western Libya over the chairmanship of the National Oil Corporation. According to the site, the conflict remains ongoing between Ibrahim Dbeibeh and Saddam Haftar, both seeking to seize the position of NOC chairman.
The Italian news agency Nova reported on Thursday that all bank accounts of the Libyan Embassy in Rome have been frozen for more than a week, leading to severe consequences for the routine administration of the diplomatic headquarters on Via Nomentana, according to qualified Libyan sources cited by the agency. The freeze, which took effect […]
