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Exclusive: Central Bank Authorizes Purchase of All Reserved Amounts Exceeding $600 Million; New Booking Requests Continue Normally

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The Central Bank of Libya confirmed exclusively to our source that banks and exchange companies have begun completing the sale of personal-purpose foreign currency to customers, and that procedures…
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Al-Akkari: “The Dollar Has Already Begun to Decline, and the Central Bank’s Reserves Exceed $100 Billion with Ongoing Foreign Currency Injections”

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Banker Misbah Al-Akkari stated that the rise in the dollar was temporary and that it is now steadily declining, adding that the real assessment of this drop will become clear through this week. A…
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Exclusive: Central Bank Raises Cash Withdrawal Limit to 3,000 Dinars, Details of Foreign Currency Sales Starting Tomorrow

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The Central Bank of Libya announced exclusively to our source that it has begun implementing a liquidity distribution plan to its issuing departments across various regions, in preparation for suppl…
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Exclusive: Members of the State Council file an appeal against Dbeibah, the Oil Minister, and the Head of the National Oil Corporation to halt the signing of oil field development agreements

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Our source has exclusively obtained documents indicating that members of the State Council have filed an appeal before the Zawiya Court of Appeal against the Prime Minister of the Government of Nati…
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Exclusive: With documents… Audit Bureau reveals depletion of state treasury due to school textbook printing and multimillion-dollar discrepancies

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Our source has exclusively obtained an official report from the Audit Bureau revealing the depletion of the state treasury related to school textbook printing. This was attributed to controversial c…
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Exclusive: Central Bank Informs Exchange Companies They Can Allocate 100% of Their Balances Instead of 70% to Reduce Gap Between Parallel and Official Exchange Rates

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Our source has learned that the Central Bank held an important meeting today with exchange companies, informing them that they can now allocate (reserve/use) up to 100% of their balances instead of…
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