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Bouferna to Sada: “The Central Bank Prepares to Issue Investment Fund Rules After Resolving Legal Overlap with the Capital Market”
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Member of the Central Bank’s Board of Directors, Fakher Bouferna, told our source that the Central Bank has failed in some areas but succeeded in others, stressing that one year is not sufficient to…
Mrajaa Ghaith to Sada: “Banks Have Shifted from Credit Institutions to Mere Currency Sellers”
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Former member of the Board of Directors of the Central Bank of Libya, Mrajaa Ghaith, said in an exclusive statement to our source that even if the Central Bank were to inject all of its reserves, th…
Ridha Gargab to Sada: “Assessing the Readiness of Exchange Offices in Preparation for Their Launch Early Next Year”
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The member of the Board of Directors of the Central Bank, Ridha Gargab, stated to our source that the Central Bank enjoys a significant degree of independence, though the environment remains pressur…
Turkish Contractor Gets Green Light to Seize Libyan Assets
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The Global Arbitration Review reported that a US court has granted permission to a Turkish contractor to seize Libyan assets.
This comes as part of the contractor’s efforts to collect a US$30 mil…
Exclusive: Central Bank Instructs Banks to Extend Working Hours and Refill ATMs to Distribute Cash to Citizens
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Our source has obtained the Central Bank of Libya’s correspondence instructing banks to extend working hours until 5:30 PM, starting from Sunday, December 14 to Thursday, December 18, in order to gi…
Exclusive: Arrests, Threats, and Extortion: The Savings Bank Strips Meizran Building Residents of Their Freedom in Exchange for Evacuating Their Apartments
| News
One of the residents of the Savings and Real Estate Investment Bank building in the Meizran area told our source: “The apartments were previously rented to private companies. After these companies l…