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Author: Amira Cherni

Exclusive: Central Bank Authorizes Licensed Exchange Companies and Offices to Sell Foreign Currency with a 7% Profit Margin

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Our source has exclusively obtained a letter from the Director of the Banking and Currency Supervision Department at the Central Bank of Libya addressed to companies and currency exchange offices licensed by the bank.

The Central Bank issued instructions permitting these licensed companies and exchange offices to sell foreign currency with a 7% profit margin over the Central Bank’s official selling rate to commercial banks operating in Libya.

The exchange companies and offices will be subject to ongoing and regular monitoring, including field inspection visits, to assess their compliance with the Central Bank’s instructions. The Central Bank affirmed it will take legal action and enforce penalties as stipulated in Law No. (1) of 2005, which may include revoking the license of any company or office found violating these regulations.

As Part of Economic Reforms… Exclusive Sources to Sada: Central Bank Proposes Reducing Number of Libyan Embassies and Diplomatic Missions Abroad

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Our exclusive sources revealed that among the proposed economic reform package by the Central Bank of Libya is a recommendation to reduce the number of embassies and Libya’s diplomatic representation abroad.

The Central Bank of Libya had previously launched a set of reforms aimed at strengthening the value of the Libyan dinar and improving the country’s economic conditions.

Middle East: Libya Among the Top 10 Most Dangerous Countries for Financial Crimes… and Its Economy Feeds Armed Groups

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The 2025 International Economic Crime Index, published by “Secretaria”, a company specializing in legal consultancy and risk management, revealed that Libya has become one of the most vulnerable countries in the world to financial crimes. It ranks among the top 10 countries in terms of widespread financial corruption, money laundering, and organized economic crimes — exposing a fragile reality and rampant corruption that undermines both political and economic stability.

According to Middle East, this alarming ranking is no surprise; it reflects a clear deterioration in Libya’s regulatory and legal infrastructure amid a fragile political situation, chronic institutional division, and the growing dominance of armed groups. These conditions have turned the country into an open arena for corruption and cross-border financial crimes.

The report highlighted that Libya has recorded high levels of money laundering, taking advantage of weak regulatory systems and the absence of deterrent legislation, making it a central route for illicit funds, smuggling, and the financing of armed groups. Data also indicates a troubling rise in cyber financial crimes, which are expected to increase by 60% by the end of 2025, especially with the use of AI in fraud and financial breaches.

One of the most striking manifestations of Libya’s financial crisis is the transformation of the oil sector into a political tool wielded by the current government — particularly the Government of National Unity led by Abdulhamid Dbeibah — to buy loyalties and secure influence against political rivals. Both local and international reports confirm that oil revenues have not been used for reconstruction or improving citizens’ lives but rather to fund armed groups and grant economic privileges to security leaders and armed factions allied with the government.

The website added that the National Oil Corporation is among the institutions most exposed to political pressure, with its decisions now influenced by competing centers of power. Meanwhile, its revenues are distributed outside legal and transparent frameworks due to the absence of an effective oversight body capable of monitoring expenditures and holding those involved in corruption accountable.

The site noted that corruption in Libya is not limited to the oil sector. It extends to most vital sectors, such as infrastructure, energy, education, and banking. According to international watchdog organizations, around 40% of public projects were not implemented despite large budget allocations, while millions of Libyans live in deteriorating conditions and lack basic services.

The report further explained that the political and institutional divisions between East and West contribute to complicating the crisis, with state institutions being run in a dual manner. This creates overlapping jurisdictions, lack of coordination, and facilitates the operations of corruption and smuggling networks across borders and ports.

The site also mentioned that the international ranking’s implications did not go unnoticed at the United Nations, where the UN Security Council recently discussed the Libyan situation. Participants included Libya’s Permanent Representative Tahir El-Sonni, UN envoy Hanna Tetteh, and Russian envoy Vassily Nebenzia.

During the session, El-Sonni stressed the need to unify financial arrangements and the national budget, considering it the first step toward curbing corruption and ending the division. Meanwhile, the Russian representative warned that the financial crisis is worsening amid political division and the depreciation of the Libyan dinar, warning of a potential social explosion if the economic crisis is not seriously addressed.

Observers believe that continued neglect of corruption and money laundering will undermine any hope of rebuilding the state and erode international confidence in Libya’s governing institutions. The absence of accountability, they argue, will prolong division and feed the economy of armed groups, potentially turning Libya into a regional weak point used to finance other conflicts in North Africa and the Sahel region.

The site concluded by noting that amid this grim picture, experts agree that unifying financial and regulatory institutions, strengthening judicial independence, and imposing international oversight on public spending are essential steps to curb economic crimes and save Libya from total political and financial collapse.

Al-Zantouti to Sada: “The Tragic Dysfunction Cannot Be Fixed by Those Who Caused It”

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Financial analyst Khaled Al-Zantouti wrote to Sada Economic News:

Recently, many voices have risen calling for the need for financial and administrative reform, especially following the recent statement by the Central Bank Governor.

Here, I ask a somewhat innocent question: Where were some of these voices (and I do not generalize) that are now demanding public financial reform? Where were they all these years, despite repeated warnings about the dangers of financial and administrative disorder by some experts?

We saw nothing from executive officials—and perhaps some legislative ones—but a deepening erosion of even the most basic principles of governance and oversight in public finance. What’s even more baffling is that many of the voices now calling for reform come from those same executive and legislative authorities! Where were they? Did they only now notice this dysfunction? Only after the governor’s statement (the “inaugural speech”) just two weeks ago? Why didn’t they sit down together—with their experts and advisors—to try to address the catastrophe?

Sadly, they were preoccupied with their disgusting power struggles, through which they compete for spoils, using tools and bodies that have no legitimate foundation.

I say this: You cannot fix this tragic dysfunction using the same people who caused it, whether with good or bad intentions! You cannot kill the victim and cry at their funeral. You cannot fight corruption and mismanagement with the same corrupt individuals—both administratively and financially!

We must first return to the rule of law and apply it to everyone, without exceptions. Only then can we identify: Who? And for whom? Only then can we punish the wrongdoer and honor the innovator. Through that, true, sincere, and purposeful reform will begin.

Anything else? We’ll just be plowing the sea—and continuing to lament over ruins.

Nassiyah Writes: “The Collapse of the Administrative and Financial Oversight System in Libya – Causes and Consequences”

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Economic expert Dr. Abdussalam Nassiyah wrote an article titled: The Collapse of the Administrative and Financial Oversight System in Libya – Causes and Consequences

Administrative and financial oversight constitutes the cornerstone of any sound governance system, as it serves as a fundamental guarantee for protecting public funds and ensuring that government entities comply with laws and regulations.

In Libya, the Administrative Control Authority and the Audit Bureau were supposed to carry out this vital role according to the laws regulating their work. However, this system has recently been suffering from a rapid collapse that has rendered it ineffective.

The importance of effective oversight is evident in preventing financial and administrative corruption, ensuring efficient public spending, and strengthening the trust between citizens and the state. Nevertheless, the subordination of these bodies to individuals and their entanglement in political conflicts have turned them from tools meant to protect the public interest into instruments used in the struggle for power and resources.

Oversight bodies in Libya have become hostages to the political conflicts between rival parties, with their leadership appointments based on regional quotas, personal loyalties, and the influence of weapons and money. This has stripped them of their independence and turned them into tools of political conflict rather than neutral watchdogs.

The deep infiltration of political conflicts into the work of oversight bodies has transformed them from instruments of accountability into instruments of power struggles. Instead of focusing on their core functions of monitoring financial and administrative performance, these bodies have become parties in the political conflict, which has undermined their credibility and effectiveness.

One of the main reasons behind the collapse of the oversight system in Libya is the shift in the allegiance of its leadership from official institutions to individuals, political leaders, and militia commanders. Instead of being independent entities under the legislative authority as prescribed by law, oversight bodies have become subject to the will of individuals, political factions, and militia leaders, resulting in a loss of both sharpness and independence.

As a consequence, the weakening of oversight has led to the spread of corruption in Libya. Audit Bureau reports have revealed significant financial violations across various ministries and institutions. Without effective oversight, public funds have become prey to theft and waste.

Furthermore, the absence of effective oversight over the performance of government agencies has led to a decline in services provided to citizens, as resources are diverted from essential services to illegitimate channels.

Thus, the collapse of the oversight system has contributed to the erosion of citizens’ trust in state institutions, as there are no longer sufficient guarantees for the protection of public funds or the integrity of governmental transactions.

To reform the oversight system, the following must be ensured: • Guarantee the independence of oversight bodies from political conflicts, so their allegiance returns to constitutional institutions, not individuals—as the law stipulates. This requires a comprehensive reform of the appointment and dismissal mechanisms of their leadership. • Provide adequate legal and material protection for oversight employees to enable them to perform their duties without fear of retaliation or pressure. • Establish institutional mechanisms to follow up on the implementation of oversight report recommendations and create special prosecutors to handle violations and crimes.

Finally, the collapse of the administrative and financial oversight system in Libya represents one of the root causes of the continued crisis of the Libyan state. These bodies have shifted from tools meant to protect public funds into instruments used in political conflict.

Reforming this system requires genuine political will, starting with restoring the independence of oversight bodies, protecting them from political interference, enhancing their technical capacities, and ensuring the implementation of their recommendations.

Africa Intelligence: Amazigh Seek to Negotiate Share of Libyan Oil with Italy’s Eni

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The French intelligence website Africa Intelligence reported on Friday that Libya’s Amazigh are seeking to negotiate a share of oil revenues with the Italian company Eni and Libyan authorities.

According to the French outlet, the ethnic group in Libya aims to secure a portion of the oil and gas wealth in their region, raising concerns about security at oil fields dominated by armed groups from Zintan. The report notes that tensions are escalating around this sensitive issue.

Exclusive: After Cancelling the Barter System, Fuel Imports to Proceed via Letters of Credit – Details Inside

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Our exclusive sources revealed that following the cancellation of the barter system today, the new mechanism for importing fuel will now be conducted through opening letters of credit with companies that previously supplied fuel. This new system takes effect starting today.

The Prime Minister of the Government of National Unity had affirmed to the Governor of the Central Bank of Libya the necessity of ending the barter system and transitioning to an alternative mechanism.

Exclusive: Central Bank Governor Continues Implementing a Package of Economic Reforms

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The Governor of the Central Bank continues to lead a package of economic reforms and holds meetings with governments in both the West and East, as well as with officials across all Libyan cities, to strengthen the Libyan dinar and improve the country’s economic situation.

The first steps toward change have already been achieved, notably the termination of the currency swap mechanism, the unification of spending through the adoption of the general budget, and the preservation and stabilization of reserves from depletion.

Among them is the expectation of GDP growth.. IMF Mission Publishes Important Report on Libya’s 2025 Economic Outlook

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The International Monetary Fund (IMF) mission released its concluding statement for 2025 on Libya, which includes the preliminary findings of the IMF team at the end of its official visit to Libya—an annual consultation conducted under Article IV of the IMF Agreement.

The statement said that the dispute over the leadership of the Central Bank last August, along with the disruption in oil production, negatively impacted growth in 2024. It is estimated that production contracted due to a forced decline in GDP from hydrocarbon resources. However, this was partially offset by an increase in non-oil activities, fueled by continued government spending. After the dispute was resolved, oil production recovered and is now approaching 1.4 million barrels per day.

It added: Official inflation stood at around 2 percent in 2024, reflecting the broad subsidies on goods and services. However, this figure was affected by data measurement issues. Subsidized goods and services make up about one-third of the Consumer Price Index (CPI), which was based on an outdated consumption basket covering only Tripoli. This likely led to an inaccurate estimation of inflation due to significant price differences across Libya’s regions. The Bureau of Statistics and Census has now released an updated CPI with wider geographic coverage and revised weights.

Preliminary estimates indicate a budget and current account deficit in 2024. Government spending continued to rise amid falling oil revenues due to production and export stoppages. It is estimated that the current account shifted from a large surplus in 2023 to a deficit in 2024 due to reduced hydrocarbon exports, while imports remained largely unchanged. Reserves stayed at comfortable levels, supported by the revaluation of gold holdings at the Central Bank of Libya.

The banking sector managed to raise capital and strengthen its financial soundness indicators. In late 2022, the Central Bank required banks to increase their capital to comply with Basel II regulatory requirements. Most banks met their targets in 2024, resulting in a doubling of paid-up capital. Additionally, banks’ financial soundness improved significantly, with better ratios of non-performing loans. Private sector credit growth remained strong in 2024, particularly in the form of Murabaha financing for individual clients and salary advances for public employees, while corporate financing remained limited.

The economic outlook will be driven by developments in the oil sector, with real GDP expected to grow in 2025, mainly due to expanded oil production, before slowing down in the medium term. Growth in non-hydrocarbon activities is expected to remain around the 2021–2024 average (5–6 percent) throughout the forecast period, supported by continued government spending.

Current account and budgetary pressures are expected to persist in the medium term, driven by projected declines in oil prices and ongoing government demands to fully spend oil revenues. The outlook is subject to a high degree of uncertainty, with risks skewed to the downside, especially due to domestic political instability, oil price volatility, intensifying regional conflicts, and deepening geo-economic fragmentation.

Efforts to establish a unified budget should remain a top priority, as this would help set spending priorities and strengthen fiscal credibility. In the meantime, authorities should resist pressure to increase current spending, particularly on wages and subsidies. They should also enhance public financial management, including through stronger macroeconomic coordination within the Ministry of Finance.

In the medium term, significant fiscal efforts will be necessary to maintain sustainability and intergenerational equity, including through disciplined reforms in wages, energy subsidies, and non-hydrocarbon revenue collection.

The Central Bank of Libya devalued the dinar by about 13 percent in early April and imposed further restrictions on foreign exchange to relieve pressure on reserves. In the absence of traditional monetary policy tools, controlling fiscal spending remains the preferred policy response under Libya’s macroeconomic framework.

However, given Libya’s fragile political stability and institutional fragmentation, addressing spending pressures in the short term may not be feasible. Authorities should work to narrow the gap between the official and parallel exchange rates, including by phasing out the foreign exchange tax and easing currency restrictions, while maintaining international reserves.

The Central Bank of Libya needs to develop an effective domestic monetary policy framework with a defined policy rate that can serve as a benchmark for banks in Libya. This framework would allow the Bank to respond to changes in macroeconomic conditions, ease repeated downward pressures on the Libyan dinar, and provide a benchmark for credit pricing by banks and financial institutions.

The recent efforts by the Central Bank of Libya to inject new banknotes, promote electronic payments, and accelerate financial inclusion are a welcome step. However, more work is needed to address the cash accumulation problem and restore trust in the financial sector. Improving transparency, accountability, and financial literacy, along with developing attractive savings plans, will be key to boosting credit supply to the private sector. Authorities must continue to strengthen the anti-money laundering and counter-terrorism financing (AML/CFT) framework to support the stability of correspondent banking relationships and overall economic stability. The legal framework should align with international standards, and AML/CFT risk mitigation should be appropriately coordinated and risk-focused.

To stimulate economic diversification in Libya, it is essential to address the challenges facing the private sector. Informal employment remains high due to ongoing political instability and a weak business regulatory framework. Limited access to finance and foreign currency, public sector dominance, and poor governance are key barriers to growth in Libya. Banks continue to lack a defined framework for credit expansion since the passage of the interest prohibition law. Authorities must initiate a comprehensive economic reform plan focused on private sector development, beginning with updating regulatory frameworks, improving access to finance, and enhancing the security situation.

Governance reforms will be critical to support sustainable growth. Positive steps taken by the Central Bank to improve the banking governance framework are welcome. Additionally, efforts to combat corruption—such as the publication of the Libyan Audit Bureau’s annual reports and the adoption of a national anti-corruption strategy—are notable. However, significant governance gaps remain in the management of state-owned enterprises, public spending, rule of law, and overall state fragility. Addressing these issues in a timely manner will help create a better business environment and a more vibrant private sector. The next Article IV consultation mission is expected in Spring 2026.

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Libya Braces for Financial Chaos: European Site Reveals the Country’s Deepening Economic Disasters

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The European-based “Atlantic Council” reported on Wednesday that Libya’s crisis has shifted from a fragile stagnation to outright collapse. The situation is now visibly deteriorating, with financial figures becoming undeniable and consequences increasingly imminent.

The site pointed out that for several months, economists and analysts have warned of this trajectory — their forecasts weren’t based on unrealistic warnings or abstract models, but on daily observations: rising inflation, a widening budget deficit, and a gradual disappearance of public oversight.

According to the report, Libya’s Central Bank had previously issued stern warnings. In 2024, the Government of National Unity spent more than 109 billion Libyan dinars, while the parallel government in the east accrued over 49 billion dinars in off-budget commitments. Neither figure reflects coordination or fiscal discipline — merely the actions of officials either unaware of or indifferent to the consequences of reckless spending.

Preparing for Financial Chaos:
The site explained that both sides have revealed the scale of financial disorder. In response, the Central Bank of Libya adjusted the official exchange rate, raising it to 5.48 LYD per USD, while maintaining its 15% surcharge on foreign currency purchases. While technically a policy adjustment, this step is a temporary fix — an attempt to absorb political excesses amid shrinking monetary space. It underscores a deeper truth: Libya’s financial institutions are no longer steering the economy, but rather preparing for its collapse.

The report noted that while Libya still appears to be producing oil, in reality, its economy is crumbling. The Libyan dinar’s black-market exchange rate spiked to 7.8 LYD per USD within 48 hours of the Central Bank’s decision — a justified vote of no confidence in the country’s financial and monetary authorities. The institutions that once anchored stability through budget audits, revenue tracking, foreign currency regulation, and centralized oversight have been reduced to remnants. What remains is an economy fueled by improvisation, secretive deals, and political maneuvering.

A Corruption System by Design:
The site added that corruption in Libya evolved in stages. Initially, the scramble was over resources once monopolized by Muammar Gaddafi — budget items, salary plans, procurement deals. Later, transitional authorities fought over who would allocate those resources, vying for control of institutions and their budgets. Today, this logic has reached its peak, completely distorting the allocation process itself. Libya’s economic crisis is no longer just about who benefits — it’s about how those benefits are manufactured.

The site further explained that Libya’s system lacks accountability and oversight, with frequent budget violations often negotiated through unofficial intermediaries tied to transnational networks, and without public scrutiny. Despite the National Oil Corporation’s pledge to end crude oil-for-fuel swaps by March 2025, these transactions are already overshadowed by more elaborate and opaque arrangements. According to the report, this marks the latest development in Libya’s uniquely “innovative” corruption system.

Exclusive: Details of Central Bank’s Instructions on Launching Unrestricted Mudarabah Deposit Certificates

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Our source has obtained the Central Bank of Libya’s instructions to banks regarding the launch of unrestricted Mudarabah deposit certificates, which are intended to invest customers’ balances in investment accounts at Libyan banks. These certificates, issued by the Central Bank of Libya to commercial banks, carry an expected annual return of 5.5% for the banks.

According to the circular, banks will issue unrestricted Mudarabah deposit certificates to their clients who hold investment accounts, for the same terms and durations announced by the Central Bank. These are specifically designated for the balances in clients’ investment accounts, with an expected annual return of 5% for customers.

These certificates are defined as a Sharia-compliant investment instrument (based on the Islamic Mudaraba system), meaning that customers can invest their funds (only from investment accounts) through them.

  • Expected return for customers: Approximately 5% annually
  • Return for banks (from the Central Bank): Approximately 5.5%

In simpler terms, a citizen who has an investment account in any bank can purchase one of these certificates. The bank then invests the money on behalf of the citizen, and at the end of the term, grants them the expected profits. The entire process is supervised by the Central Bank of Libya to ensure transparency.

Africa Energy: Libya Renegotiates Oil Export Agreement with Arcano to Halt Financial Crisis

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The French website Africa Energy reported on Monday that Libya is renegotiating a controversial oil export agreement in an attempt to stop the financial crisis.

The website stated that the Government of National Unity may seek to renegotiate controversial and unfavorable deals, such as the production-sharing agreement between the National Oil Corporation and Arcano Oil, a company affiliated with Saddam Haftar. However, with government spending spiraling out of control, the devaluation of the dinar, and escalating tensions between armed groups, the outlook appears troubling on all fronts, according to the French outlet.

Belqasim Haftar: “The Development and Reconstruction Fund Follows a Strict Financial Governance System and Maintains a Neutral Stance”

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Belqasim Haftar, Director General of the Libya Development and Reconstruction Fund, affirmed in an exclusive interview with the Italian agency that Italy and the European Union are strategic partners for Libya, and their support is essential to ensure development and reconstruction that benefits the entire region. He emphasized the importance of tangible commitment from international partners.

According to Nova Agency, the Fund’s director outlined four key sectors as priorities for cooperation between Libya and European countries, which must be the focus for reviving the Libyan economy: infrastructure, education, healthcare, and security.

Haftar stated that enhancing investments in infrastructure projects is crucial to support reconstruction, highlighting the investment opportunities available for Italian and European companies. At the same time, he stressed the need for investment in training and knowledge transfer to build a skilled workforce.

He added that strengthening cooperation in the fields of security, politics, and the economy is of utmost importance to ensure the stability of Libya and the entire region.

He confirmed that Europe and Italy must participate actively in training and continuous learning programs.

The Fund’s director stated that Libya’s stability is vital for the entire Mediterranean region, and they intend to build strong strategic partnerships to achieve this shared goal.

Financial Management:

He continued by stating that one of the most critical aspects for Libya’s future concerns the management of funds allocated for reconstruction.

He explained that the Development and Reconstruction Fund operates with funds allocated from the Libyan state’s public budget and follows a strict financial governance system.

He said, “We cooperate with all relevant Libyan institutions and ensure transparency and fairness in project distribution,” noting that the most recent meeting was held with the Governor of the Central Bank of Libya in the city of Derna. However, the matter remains complex due to the lack of an accepted general budget between the two rival administrations in Libya: the Government of National Unity led by the Prime Minister, and on the other hand, the Government of National Stability led by the eastern parliament-appointed Prime Minister, Osama Hammad.

To ensure transparency and oversight, Belqasim Haftar said that the Fund relies on a system of periodic auditing and operates according to the financial laws of the state. In explaining the Fund’s development strategies, he clarified that the Fund follows an integrated approach focusing on five main sectors.

According to Haftar, the Fund’s comprehensive national strategy is based on an integrated approach that includes the redevelopment of essential infrastructure such as roads, airports, and power stations. Other core pillars include investment in education and healthcare, which are considered fundamental to the country’s growth. In addition, the strategy includes the provision of housing and urban infrastructure through integrated construction projects.

He pointed out that projects are implemented through various mechanisms, including open tenders and direct contracts depending on the nature of the project, highlighting the goal of ensuring a balance between local and international companies, while guaranteeing transparency and fairness in the distribution of projects.

Haftar stressed that the Fund maintains a neutral stance and does not interfere in internal affairs.

He said, “We refrain from interfering in internal political affairs and focus exclusively on achieving sustainable development and reconstruction in all Libyan cities and regions, as the Fund respects the choices of the Libyan people.” However, following the success of the recent local elections, the international community is closely monitoring the upcoming parliamentary and presidential elections, which are considered a decisive step in enhancing political stability.

Ashnibish: “The Silent Coup… Will the Digital Yuan Reshape the Global Financial System?”

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Mr. Anas Ashnibeesh wrote:

In a quiet scene reminiscent of spy films, and away from the media spotlight focused on market noise, a financial revolution is unfolding—one that could change the rules of the game for decades to come.

This time, it’s not from Wall Street, but from the heart of Beijing, where the digital yuan is carving a path toward reshaping the global financial landscape.

As the world grapples with high inflation, currency wars, and economic sanctions, China has made calculated moves to present a strategic alternative to one of the most influential financial networks: the SWIFT system.

The Digital Yuan: More Than Just a Currency

The digital yuan, or DCEP (Digital Currency Electronic Payment), is not just another electronic currency. It is a state-level project and a key tool in China’s hands to control cross-border financial flows—without relying on the traditional Western financial infrastructure.

In March 2025, China announced the successful integration of its digital payment system with several countries in Asia and the Middle East, in a massive project aimed at reducing dependence on the dollar and facilitating intra-regional trade through a new financial language.

From Beijing to Dubai… in 7 Seconds

In a stunning demonstration, a commercial transaction between Hong Kong and Abu Dhabi was settled using the digital yuan in just 7 seconds—no intermediary banks, no SWIFT, and the transaction fee? 98% lower than standard rates.

Yes, what you’re reading is real: no waiting, no complexity, no hidden fees.

Why Now? And Why This Fast?

With rising geopolitical tensions and recurring financial sanctions, it’s become clear: whoever controls the financial infrastructure holds the power. China understands this well and is using the digital yuan to gradually decouple from the dollar and achieve what it calls “sovereign financial independence.”

Through blockchain technology, the Chinese government achieves unprecedented levels of transparency, oversight, and control.

Every transaction, every transfer, every payment—is recorded on an immutable digital ledger. This isn’t just a safeguard for money—it’s a precise geopolitical instrument that allows China to monitor capital movement in real time, both domestically and across borders.

But What About Privacy?

On the other hand, some raise questions: what about privacy? What if this system becomes a tool of total surveillance?

The Financial Dragon Spreads Its Wings

What’s surprising is not just the technology—but the timing. While Western economies wrestle with inflation, stagnation, and high interest rates, China moves quietly to build a new digital trade bloc.

Today, ten ASEAN countries and six Middle Eastern nations—including major oil-exporting states—have already begun integrating with China’s new system, bypassing the Western system and the limitations of SWIFT.

It’s like SWIFT 2.0, but in Chinese, and managed under a long-term strategic vision.

The West’s Response?

So far, neither Washington nor Brussels seems to have an effective answer. Financial sanctions have become a weapon that’s pushing others to create alternatives—rather than bringing them into line. Every time SWIFT is used as a punitive tool, more countries are driven to break free from it.

And China knows exactly how to play this card.

Are We Witnessing the Beginning of the End for Dollar Dominance?

Let’s be realistic: the dollar won’t fall tomorrow. But it’s starting to lose some of its dominance. And with the digital yuan entering the global payment stage—not just as a currency, but as a complete alternative financial system—the equation is starting to shift.

The next major Middle Eastern deal? It might be done in Chinese digital currency.

A joint project between Asia and Africa? It might not pass through New York.

In this new world, whoever owns the digital infrastructure owns the influence.

Has the Silent Coup Already Begun?

It’s not a coup in the classic sense—no tanks, no yelling in the streets… but a financial coup—carried out through code, algorithms, and invisible transfers.

And in just a few years, we might wake up to find that the world no longer “transfers” via SWIFT, but “clicks” through a Chinese system—faster, cheaper, and more efficient.

The question that remains is:
Are we ready to live in a post-SWIFT world?

Exclusive: For These Reasons, Shakshak Suspends Two Officials from Brega Oil Company from Work

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Our source has exclusively obtained the decision issued by the Head of the Libyan Audit Bureau, Khaled Shakshak, regarding the suspension of Saad Al-Din Al-Zaidi, in his capacity as Director of the Financial Department for the Western and Southern Regions at Brega Petroleum Marketing Company, and Mohamed Mansour Al-Fallah, Director of the Services Department at the same company.

This suspension comes due to their obstruction of the committee assigned to audit and review the accounts of Brega Petroleum Marketing Company by the General Administration for Oversight of the Energy Sector and Public Companies at the Bureau, and for violating the Audit Bureau’s regulatory law.