Exclusive: Central Bank Begins Completing Approvals for Letters of Credit and Personal Purposes
| News
The Central Bank of Libya revealed exclusively to our source that it has begun this morning completing approvals for letters of credit and the sale of foreign currency to banks for documentary credi…
Rabie Shrair Calls on NOC Chairman and Central Bank Governor to Halt Dealings with Oracle
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Rabie Shrair, head of the Forums for Sector Development, has urged Libyan banks and oil companies to urgently seek immediate alternatives to Oracle’s systems after evidence surfaced of the company’s…
Zambian Diplomat Reveals Scandal Involving Libyan Under Investigation for Embezzlement
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A Zambian diplomat named Emmanuel Mwamba has revealed a scandal involving a Libyan national who is under investigation for embezzling $800,000.
According to the diplomat, Shukri Al-Juaidi, a Liby…
Spanish Newspaper: Barcelona Withdraws from Agreement to Play Friendly Match in Libya and Returns €5 Million
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The Spanish newspaper Barca News reported on Saturday that FC Barcelona has faced financial difficulties in recent years, leading the club to participate in numerous friendly matches — in addition t…
Exclusive: Central Bank Continues Injecting Foreign Currency and Opens Sales for Personal Use Allocations Tomorrow
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The Central Bank of Libya revealed exclusively to our source that starting tomorrow, it will continue granting approvals for letters of credit worth $1 billion, bringing the total approvals by the e…
Exclusive: Arrest of former General Manager of Jumhouria Bank “Abdulrazaq Al-Tarhouni” amid wide campaign to cleanse the banking sector
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Exclusive sources told our source that the former General Manager of Jumhouria Bank, Abdulrazaq Al-Tarhouni, who had previously been dismissed by the Governor of the Central Bank of Libya, was arres…