Exclusive: Central Bank Instructs Banks Not to Grant Advances or Overdraft Facilities to Corporate Entities
| News
Our source has obtained correspondence from the Central Bank of Libya addressed to commercial banks, stressing the need for full compliance with previously issued instructions prohibiting the granti…
Exclusive: Central Bank Governor Calls on Security Authorities to Shut Down Unlicensed Exchange Companies and Electronic Applications, Including WhatsApp Groups, Used for Currency Speculation
| News
Our source has obtained correspondence from Central Bank Governor Naji Issa, in which he called on the municipal guard, internal security, the Ministry of Interior, and the criminal investigation au…
Central Bank Allocates Additional $1 Billion to Banks in May to Cover Open Letters of Credit
| News
The Central Bank of Libya announced exclusively to our source that it has allocated an additional $1 billion to commercial banks during May due to the increased volume of requests for opening letter…
Central Bank: $1.4 Billion Sold in Letters of Credit and Transfers, Nearly $700 Million for Personal Purposes, with Oil Revenues Expected to Exceed $3.3 Billion in May
| News
The Central Bank of Libya confirmed in a statement to our source that the volume of foreign currency sales to banks during May reached $1.4 billion in letters of credit and transfers, in addition to…
Central Bank Requests Banks to Submit Their Cash Dollar Requirements
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Our source has exclusively obtained a circular issued by the Central Bank of Libya requesting commercial banks to submit their cash dollar requirements.
The measure aims to directly cover and rep…
Central Bank Urges Banks to Quickly Submit Branch Liquidity Requirements for Immediate Supply
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Our source has exclusively obtained a circular issued by the Central Bank of Libya to commercial banks regarding the urgent submission of their branches’ liquidity requirements in order to provide t…

















