Exclusive: Husni Bey Comments on Central Bank’s Decision to Withdraw Several Libyan Banknote Denominations
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Libyan businessman Husni Bey stated in an exclusive comment to our source: “The withdrawal of a banknote denomination or a specific issue of currency — whether it is the 50, 20, 5, or 1 dinar note —…
Exclusive: Central Bank Ends Monopoly and Requires Banks to Open Letters of Credit for Small Traders with a Ceiling of $300,000
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The Central Bank of Libya revealed to our source exclusively: “Following complaints submitted to the Central Bank by small traders, the Central Bank of Libya has obligated commercial banks to open l…
Exclusive: In the Millions… Central Bank Sanctions Three Banks for Deducting Fees from Customers and Orders Refunds
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Our source at the Central Bank of Libya revealed in an exclusive statement that UBCI, Aman Bank, and the Libyan Islamic Bank are facing penalties today, following in the footsteps of Jumhouria Bank…
Mraja’a Ghaith Comments on Al-Safi’s Proposal Regarding Budget Ceilings and Revenue Tagging
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Former member of the Board of Directors of the Central Bank of Libya, Mraja’a Ghaith, stated that the economic expert Mohammed Al-Safi had proposed setting a predetermined ceiling for the budget all…
Ashneibeesh: From Cash Liquidity to the Digital Economy… A Libyan Roadmap Toward Electronic Payments
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Anas Ashneibeesh wrote an article stating: The world has long been moving toward reducing reliance on paper money, yet Libya still suffers from an economy heavily dependent on cash liquidity, which…
OilPrice: Oil Blockade Looms Again as Libya Seeks to Attract Global Oil Investments
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The oil-focused website OilPrice reported on Thursday that Libya aims to boost its oil production to 2 million barrels per day by 2028, through new bidding rounds designed to attract major internati…