Exclusive: Central Bank: “The Letters of Credit Reservation System Shows Excellent Results with 2,900 Companies Registered for $2.5 Billion”
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A senior official at the Central Bank of Libya exclusively told our source: “The letters of credit reservation system has shown excellent results, enabling 2,900 companies to register for a tot…
Exclusive: Several Small Traders Confirm to Sada Receiving Approval Messages from the New Letters of Credit Platform
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Several small traders exclusively confirmed to our source that they have received approval messages from the new letters of credit platform.
According to the traders, the approvals also included…
Independent: After More Than Ten Years, the Tunisian Consulate Resumes Work in Eastern Libya
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The Independent newspaper reported today, Thursday, that after more than 10 years of closure due to the deterioration of the security situation in Libya at the time, Tunisia is reopening its consula…
Exclusive: Central Bank to Sada — Faster Pace in Coming Days to Approve All Requests on the New Letters of Credit System
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The Central Bank of Libya revealed exclusively to our source that approvals for the new letters of credit system have already begun, with customers receiving messages today regarding the approvals t…
Exclusive: Confirming What Sada Published… The Central Bank Begins Selling $1.5 Billion Through the Foreign Currency Sale System
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The Central Bank of Libya revealed in a statement exclusively to our source that it actually began at 9 a.m. selling $1.5 billion to commercial banks—$500 million for personal purposes as full settl…
Upstream: Major Investment Announcement Coming Soon in Libya’s Largest Oil Fields
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The website Upstream revealed on Sunday that three companies holding stakes in one of Libya’s most important onshore oil assets are expected to sign an agreement “soon” to nearly double production t…