Central Bank to Sada: Over $1.5 Billion Sold to Banks for LC Coverage; Market Speculation Aims to Pressure Removal of Audit Measures
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The Central Bank of Libya told our source exclusively that more than $1.5 billion was sold to banks on Monday and Tuesday to cover letters of credit, with coverage continuing and all systems operati…
Exclusive: Central Bank to Sada: November Salaries Will Be Paid Tomorrow via “Instant Salary” System
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The Central Bank of Libya revealed to our source exclusively that the salaries for November will be paid starting tomorrow, Wednesday, through the “Instant Salary” system.
Exclusive: Attorney General Addresses the National Oil Corporation on Conducting Fuel Supply Tenders Before Year-End
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Our source obtained a correspondence from the Attorney General to the Chairman and members of the Board of the National Oil Corporation. In the letter, he revealed that, given the review of the fuel…
Exclusive: Al-Wahesh: “Central Bank Measures, Tightened Audits, and Lack of Fiscal Discipline Push the Dollar to 8 Dinars”
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Economic expert Saber Al-Wahesh told our source in an exclusive statement that the US dollar reaching 8 dinars occurred despite the Central Bank of Libya beginning to settle letters of credit and pe…
Exclusive: Al-Barghouti: “Central Bank’s FX Injection Is Not Enough… The Dollar Continues to Rise for These Three Reasons”
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Economic expert Mohammed Al-Barghouti confirmed in an exclusive statement to our source that the continued rise in the dollar’s exchange rate comes despite the Central Bank of Libya injecting large…
Exclusive: Some Traders Tell Sada They Received Messages from Central Bank Approving Personal Purposes and Letters of Credit
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Several traders confirmed to our source that they received messages from the Central Bank of Libya approving their requests for personal purposes and letters of credit.
This confirms the earlier…