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Exclusive: Central Bank Addresses Several Oil Companies, the Bakeries Syndicate, and the Municipal Guard on the Use of Electronic Payment Methods

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The Central Bank of Libya has revealed its correspondence sent to general managers of several oil companies — including Libya Oil Joint Venture, Golden Palm for Oil Services, International Trust for…
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Central Bank Statement: 94 Billion Dinars in Distributed Liquidity and 61.2 Billion in Salaries Amid Heavy Spending by Ministries and Councils

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The Central Bank of Libya announced on Thursday that total revenues from January to November of the current year reached 115.3 billion dinars, compared to expenditures of 107.5 billion, resulting in…
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National Unity Ministry of Finance Requires Customs and Tax Authorities Not to Collect Amounts Exceeding 500 Dinars Except via Certified Checks or Electronic Payment

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The Ministry of Finance in the Government of National Unity addressed the Customs and Tax Authorities today, Thursday, instructing all directorates, customs centers, and tax offices not to accept th…
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Exclusive… Administrative Control Authority halts procedures for companies refusing electronic payment and suspends the activity of “Modern Tolmeitha” at Misurata Port

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Our source has exclusively obtained the Administrative Control Authority’s correspondence regarding the immediate implementation of a circular to stop the procedures of companies that do not accept…
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Exclusive: Central Bank: “Cash will be available starting Sunday, December 14, due to concerns it may leak through channels not designated for customers”

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The Central Bank of Libya confirmed exclusively to our source that cash will be available in all branches of commercial banks starting from December 14. It added that today it completed the trans…
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Exclusive.. Central Bank to Sada: The remaining value of merchant and personal-use cards will be settled at 400 million dollars

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The Central Bank of Libya revealed exclusively to our source that after injecting $1.5 billion for letters of credit today, it will settle the remaining value of merchant and personal-use cards amou…
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