Skip to main content

Author: ls

The central liquidity team reveals to our source the arrival of the seventh shipment to Benina Benghazi Airport, with a value of 60 million

The liquidity team of the Central Bank of Libya revealed exclusively to our source that the seventh shipment of liquidity, worth 60 million dinars, arrived at Benina Airport in Benghazi, to be distributed to bank branches in the eastern region.

This is within the framework of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks in all regions of Libya and in the framework of coordination between the Central Bank of Libya, Tripoli and Benghazi.

The liquidity team of the Central Bank reveals the arrival of 15 million to the city of Ghat

The liquidity team of the Central Bank of Libya revealed exclusively to our source that a shipment of liquidity to the city of Ghat worth 15 million had arrived, as part of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya.

10 million were allocated to the National Commercial Bank branch and 5 million to the North Africa Bank.

The liquidity team of the Central Bank reveals to our source, the arrival of 25 million to Ubari

The liquidity team of the Central Bank of Libya revealed exclusively to our source that a shipment of liquidity to the city of Ubari, worth 25 million, had arrived within the framework of the Central Bank of Libya’s plan to provide liquidity to all branches of commercial banks and in all regions of Libya.

10 million were allocated to the National Commercial Bank branch, 10 million to the Jumhouria Bank, and 5 million to the North Africa Bank.

Al-Shanti obliges Al-Huwaij and Al-Manqush to postpone the nominations referred to the Ministry of Foreign Affairs to fill several positions

Our source obtained an exclusive copy of the correspondence of the President of the Administrative Control Authority, Tripoli, to the Ministers of Economy and of Foreign Affairs.

The correspondence included the presence of a number of complaints regarding the nominations of the Ministry of Economy to fill the position of commercial attaché and commercial advisor in violation of the principles and controls, obligating them to postpone the nominations issued and referred to the Ministry of Foreign Affairs until the completion of the examination of the complaints issue.

We had exclusively published in a previous time, the correspondence of the Department Director of the Administrative and Financial Affairs at the Ministry of Economy to the Department Director of the Administrative and Financial Affairs at the Ministry of Foreign Affairs, regarding the decision of the Presidential Council to approve jobs in the staffing of Libyan embassies, consulates and missions abroad.

By following up on the matter, it was found that the procedures of some of the delegates to take over the job of a commercial attaché on his part, without referring to the competent department of the Ministry of Economy, completed the procedures and handed over what was in their custody, according to the correspondence.

He also asked him to refer to a list of the names to whom the decision was issued, without completing their financial procedures until they return to the Department of Administrative and Financial Affairs.

A source in the Audit Bureau reveals that no decision has been issued to stop Sanallah from working so far

A source in the Audit Bureau revealed in an exclusive statement that he had not yet issued a decision to suspend the head of the National Oil Corporation, Mustafa Sanalla from work.

Another source in the Audit Bureau confirmed to our source that there was an arrangement yesterday to issue a correspondence to stop Sanalla and compile a report on the basis of referring it to the government.

An official source had said previously that there was news that the head of the Tripoli Audit Bureau had suspended the Chairman of the Directors Board of the Oil Corporation and referred a letter to the Council of Ministers of the Government of National Unity.

Assigning Al-Abed the duties of the Minister of Economy in the Government of National Unity

A government source revealed, in an exclusive statement, that the Minister of Labor and of Civil Service, Ali Al-Abed, has been assigned the tasks of the Minister of Economy.

This is due to the entry of the Minister of Economy in the government, Mohamed Al-Huwaij, for a two-week leave.

An official source reveals that there is news of the suspension of Sanalla from work by the Tripoli Audit Bureau

An official source revealed that there was news that the head of the Tripoli Audit Bureau, Khaled Shakshak, had suspended the head of the National Oil Corporation, Mustafa Sanalla.

According to the source, a copy of a correspondence containing this was referred to the Council of Ministers of the National Unity Government, and this was due to Sanalla withholding oil revenues.

Our source also contacted officials of the Audit Bureau in Tripoli and is awaiting their response, in particular, with denial or confirmation.

Exclusive: Shakshak to our source: “This is what the Foundation demanded in exchange for unblocking revenues”

In an interview with our journalist, the head of the Tripoli Audit Bureau, Khaled Shakshak, said: “The National Oil Corporation does not have the right to acquire foreign exchange until it withholds it. What it is doing is an attack on public treasury funds, and it only has what is allocated to it from the budget.”

He added: “Withholding revenues is stipulated in the Economic Penalty Law, which is an explicit violation of preventing the flow of state revenues according to their natural and known context. Continuing such behavior requires taking measures towards it, whether from the government or the Audit Bureau and the Public Prosecution.”

He continued, “We did not find an explanation for such behavior other than that it is irresponsible and will cause great damage at the level of the overall economy, despite the apparent reasons by the institution.”

He also explained, “There are two contradictory reasons – unfortunately – the first is that withholding revenues is an alternative reaction to closing oil, on the other hand, asking the head of the institution to allocate a budget and liquidate it completely for its accounts before supplying foreign exchange. This is a misplaced bargain.”

He continued: “The size of the budget requested by the Foundation is 37 billion for one year, which is a large budget in my opinion. It is possible to demand spending on the oil sector and making investments in it, but not in the way we see now.”

Shakshak also said: “The National Oil Corporation wants to obtain its budget from the source, by subjecting part of the revenues to its favor, even before it is referred to the Ministry of Finance and the Public Treasury.”

He concluded by saying: “Directly deducting the revenues and transferring them to the National Oil Corporation means the necessity of turning the Corporation into a holding company, and several measures that must be taken and specifying a certain percentage of sales, and this is not available.”

The Central liquidity team reveals the delivery of Gharyan 10 million issuance to National Commercial Bank branches in the Western Mountain

The liquidity team of the Central Bank of Libya revealed exclusively to our source that Gharyan issued a liquidity shipment of 10 million to the branches of the National Commercial Bank of the Western Mountain, as part of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks.

4.5 million were allocated to the branch of Gharyan, 3 million to the branch of Al-Asabaa, 2 million to the branch of Kikla, and 500 thousand to the branch of Gharyan agency. The liquidity team confirms its continuation of the distribution of liquidity from all sections of the issuance and the transfer of cash shipments from the city of Tripoli to the rest of the Libyan cities.

Al-Sharif: « For these reasons, the size of the expenses in the Central Bank statement will hinder the process of adjusting the exchange rate »

The head of the Economics Department at the University of Benghazi, Ali Al-Sharif, told our source that: « The report published by the Central Bank of Libya is supposed to be issued by the Ministry of Finance in the national government because it is in the local currency, the expenditure item, and the expenditure item, is related to the general budget, and therefore it is supposed to be issued by the Ministry of Finance. »

He added: « We note from this report that there is a deficit equivalent to approximately 11 billion Libyan dinars in the first quarter, and the report indicated in the second part that this deficit was financed by royalties from cash companies for previous years. »

He also continued : « The other point that we note in this report, seems to be that the Central Bank of Libya complied with the instructions of the US Ambassador, the Deputy Secretary of the US Treasury and Parliament, so that it stopped spending on Chapter Three, « development spending ». We limit spending to three sections, namely, the section on salaries and the second and fourth chapters on support. We remark generally that expenditures are about 14 and a half billion in the first quarter, which means in the four quarters it will be almost 57 billion without the development section. This figure is considered relatively high and will hinder, if the other sections are included in the development section, in the budget and even the process of amending the exchange rate in the future, and therefore there are still major problems in the Central Bank’s dealings. »

He concluded his speech by saying that « this report did not include the oil revenues received by the National Oil Corporation. It seems that in the first quarter, oil revenues were not transferred to the Central Bank, and it relied on royalties from foreign companies to finance most of the first quarter expenses. »

Shakshak to our source: « This is what will be caused by the National Oil Corporation withholding revenues from the Central Bank. We have referred a file in particular to the prosecution »

Our source conducted today an exclusive interview with the head of the Audit Bureau in Tripoli, Khaled Shakshak. During the meeting, he revealed that what the National Oil Corporation had done by withholding revenues was an unusual behavior and contrary to all applicable laws and legislation. We addressed the institution more than once in this regard and alerted us. However, what it is doing is illegal and represents a huge risk to public funds. In addition, it will reflect negatively on the national economy, especially with regard to the value of the currency and the provision of society’s needs, the most important of which is treatment. »

He stressed that the Central Bank will not be able to transfer foreign currency in the case of a blocking, and the only way it can use is to unlock deposits abroad that will reduce the value of the Libyan dinar.

He stated that what the institution continues to do is an irresponsible act, and « we have started preparing a file on this issue, part of which has been referred to the Public Prosecution and another part will be referred soon, in addition to a series of measures we will have to take if no solution was found, in line with law. »

Shakshak reveals exclusively to our source the reasons for the NOC’s withholding of revenues, its bargaining and its legality, and what the patients’ file has resulted in

The head of the Audit Bureau in Tripoli, Khaled Shakshak, said in an exclusive interview with our source: “We met today in a meeting with the ministries of health and of finance and directors of centers in the National Cancer Program, as well as in the presence of the National Center for Organ Transplantation and the Central Committee that was formed from the Ministry of Health concerned with detecting cases of muscular dystrophy Spinal.”

He added: “This meeting is an extension of a number of meetings and tours that we have taken during the last period. The most recent of these is the agreement signed by the Minister of Health of Egypt Republic with the International Medical Center, followed by the preparation of a draft agreement for the treatment of patients with spinal muscular atrophy, which was signed by the International Medical Hospital in Egypt and still needs to be signed by the Ministry of Health.”

He revealed: “We reviewed the report of the scientific committee specialized in examining suspected cases of this disease, and the total number of cases that emphasized the need to expedite their treatment reached 5, which will be dispatched as soon as possible, and there are dozens of cases that need permanent treatment that can be supplied through the Libyan Ministry of Health in the form of shipments of medicines, whether syrups or injections.”

He also stated: “We also pointed out the importance of taking care of these cases in Tripoli Medical Hospital, Children’s Hospital, Benghazi Medical Hospital and other medical centers. Here, we can say that the Ministry of Health has reached the final stages of taking care of this segment of patients.”

He continued by saying: “Turning to the oncology file, we discussed the problems faced by oncology centers and agreed to grant them “financial independence” in a way that they can supply their own medicines and provide the required capabilities.”

He added: “A team will also be formed to sign twinning contracts with the International Medical Center in Egypt and some other centers specialized in kidney, liver, cornea and heart transplants. Its objective is to receive treatment services and to localize treatment by attracting medical personnel from visitors, as well as to provide some needs that are not available in the Libyan centers.”

He revealed that the biggest challenge and problem that will face us in the coming period will be with regard to foreign exchange transfers, considering that the National Oil Corporation has withheld revenues for a while, and this is because of its problems with the Central Bank, which we hope will be resolved during the coming period. Since all services and goods that we benefit from are linked to cash, the continuation of this problem will affect the cases of patients abroad. It is also expected that it will affect the supply of goods and services.

Shakshak stated: “What the National Oil Corporation has done by withholding revenues is an unusual behavior and in violation of all applicable laws and legislation. We have addressed the Corporation more than once in this regard, warning that what it is doing is a legal violation and a great risk to public funds.

In addition, it will reflect negatively on the national economy, especially with regard to the value of the currency and the provision of society’s needs, the most important of which is treatment. The Central Bank will not be able to transfer foreign exchange in the case of blocking, and the only way it can use it is to redeem deposits abroad that will reduce the value of the Libyan dinar.”

He stated that what the institution continues to do is an irresponsible act, and we have started preparing a file on this issue, part of which has been referred to the Public Prosecution and another part will be referred soon, in addition to a series of measures we will have to take if a solution is not reached, in line with the law.”

The Head of the Bureau stressed that the National Oil Corporation does not have the right to acquire foreign exchange until it withholds it. What it is doing is an attack on the funds of the public treasury, and it only owns what is allocated to it from the budget.”

He stated that withholding revenues is stipulated in the Economic Penalty Law, which is an explicit violation of preventing the flow of state revenues according to their natural and known context. The continuation of such behavior requires taking measures towards it, whether from the government or the Audit Bureau and the Public Prosecution.

He added: “We did not find an explanation for such behavior other than that it is irresponsible and will cause great damage to the macroeconomic level, despite the apparent reasons by the institution.”

Regarding the reasons for the corporation’s withholding of revenues, Shakshak revealed that there are two contradictory reasons – unfortunately – the first of which is that withholding revenues is an alternative reaction to closing oil. On the other hand, asking the head of the institution to allocate a budget and liquidate it completely for its accounts before supplying foreign exchange, and this is a misplaced bargain.

He stated that “the size of the budget requested by the Corporation, according to the report of the meeting, which I reviewed, is 37 billion for one year, which is a large budget in my opinion. The oil sector can be demanded and invested but not in the way we see it now.”

He stressed that the National Oil Corporation wants to obtain its budget from the source, by deducting part of the revenues in its favor even before it is referred to the Ministry of Finance and the Public Treasury.

He added that deducting revenues directly and transferring them to the National Oil Corporation means that the corporation must be transformed into a holding company, that many measures must be taken and that a certain percentage of sales be determined, and this is not available.

Shakshak revealed that the repercussions of what the Corporation has done in the coming days will begin by “depriving” patients of access to treatment services, and the process of removing patients from hospitals in external treatment yards will begin due to the suspension of financial transfers from hospital dues and service-providing companies.

He continued by saying: “We may also notice a decrease in supply and an increase in the prices of some commodities. The situation may develop into a liquidity crisis and an exchange rate difference, such as the one that occurred in 2014. All of these possibilities are possible and we hope that they will not happen.”

He concluded his speech by saying: “We will give the government and the institution an opportunity to solve this problem, otherwise the Bureau will intervene to take a position to prevent the continuation of these behaviors.”

The liquidity team reveals to our source the arrival of the sixth shipment, worth 60 million, to Benina Benghazi Airport

The liquidity team of the Central Bank of Libya revealed exclusively to our source that the sixth shipment arrived today at Benina Airport in Benghazi, coming from Tripoli, with a value of 60 million dinars.

This is within the framework of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in the framework of coordination between the Central Bank of Libya, Tripoli and Benghazi.

The arrest of the Treatment Department Director at the Ministry of Health, Ahmed Melitan

Our special sources revealed the arrest of the Director of the Treatment Department at the Ministry of Health, Ahmed Melitan.

According to the sources, this was done due to the formation of an apparatus parallel to the Ministry of Health in the name of the Treatment Development Support Department, and a budget of one billion was assigned to it under the administration of Melitan.

The Government of National Unity adopts the organizational structure of the Ministry of Health and its administrative body, with greater powers for the minister

Based on a correspondence from the Cabinet Office and the instructions of the Deputy Prime Minister and Minister of Health in charge, Ramadan Abu Janah, the Director of the Office of the Minister of Health, Abdul-Rahman Abu Al-Qasim Ali, referred a letter yesterday, Tuesday, April 5, to the Director of the Legal Affairs Department at the Ministry of Health, including the Cabinet’s decision regarding the adoption of the organizational structure of the Ministry of Health, its functions, and the organization of its administrative apparatus.

The letter says that the country’s health system represents an integrated system of administrative and technical subordination to the Ministry of Health, and the Ministry is also responsible for developing the plans and programs necessary to implement the laws to reach the required results.

The bodies affiliated with the Ministry of Health were also named, starting with the Council of Medical Specialties and ending with the National Center for Prosthetics, Programs and National Committees. The resolution also mentioned that the Minister of Health is the highest administrative authority in the ministry and may have one or more undersecretaries.

The decision also detailed the organizational structure of the Ministry of Health’s office from the departments beginning with the Department of Legal Affairs and ending with the Department of Integrated Health Zones, as well as the Ministry’s offices, at the beginning of which, comes the Minister’s office and finally the Office of Health Information Technology.

The competencies of all departments and offices were successively explained in detail, and he also indicated that the minister could issue the bylaws of the ministry’s health authorities and regions.