Exclusive: “Central Bank”: Withdrawal of 50 and 20 Dinar Notes a National and Historic Decision to Save What Could Be Saved, and We Bear Its Responsibility Despite the Resulting Cash Shortage
| News
The Central Bank of Libya exclusively told our source that it had no choice but to make the decision to preserve the integrity of the national currency. The withdrawal of 50 and 20 dinar notes was a…
Exclusive: Al-Zantouti: “The Difference Between Check and Cash Is a Legitimate Cost, Not ‘Burning’; Caused by Liquidity Crisis, Corruption, and Security Conditions”
| News
Economic analyst Khaled Al-Zantouti told our source in an exclusive statement: “I don’t understand the origin of the term ‘burning a check’ — burning consumes the entire check, not just part of it!”…
Exclusive – Hosni Bey to Sada: Burning Cheques Is a Crime, and Protecting the Economy and Citizens Begins by Draining the Sources of Exploitation
| News
Libyan businessman Hosni Bey told our source in an exclusive statement that speculation on the Libyan dinar — known as “burning cheques” — is a crime, stressing that protecting the economy and citiz…
Bangladesh Embassy: Two Additional Flights Soon to Repatriate the Largest Possible Number of Bangladeshi Migrants
| News
The Embassy of Bangladesh in Libya announced on Monday that through the continuous efforts of the Bangladeshi Embassy in Tripoli, and in full cooperation with the Government of National Unity, 309 B…
Exclusive: Central Bank Reports Large Foreign Currency Purchases Driving Up Dollar Rate, Tracking Underway to Identify Final Beneficiaries
| News
The Central Bank of Libya confirmed in an exclusive statement to our source that a large-scale purchase of foreign currency is contributing to the rise in the dollar exchange rate. The source of the…
Exclusive: Al-Sharif: “The Banking System Has Failed to Reinvest Its Excess Deposits… The Central Bank Must Rebuild Collapsed Trust”
| News
Economic expert Idris Al-Sharif told our source exclusively: “The Libyan economy is a simple cash-based economy. Despite efforts to expand electronic payment services, which have achieved remarkable…