Exclusive: Central Bank Agrees on Mechanism to Inject $1 Billion for Letters of Credit and Personal Use – Settlements to Begin Tomorrow
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The Central Bank of Libya told our source exclusively that it has agreed on a mechanism to inject $1 billion for letters of credit and personal use, and to settle all pending requests in the system…
Exclusive: Al-Ahlia Cement Company Issues Decision to Adjust Cement Prices Starting July
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Our source has exclusively obtained the decision issued by the Board of Directors of Al-Ahlia Cement Company, which stipulates a price adjustment for cement starting from July 1.
According to the…
Exclusive: Central Bank Governor Urges Interior Ministry to Curb Currency Speculation Outside Official Channels and Unlicensed Locations
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Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya addressed to the Minister of Interior in the Government of National Unity.
In the letter, the Governor…
Exclusive: Commercial Banks Begin Rapid Approval of Letters of Credit for Small Traders
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Our source that commercial banks have started swiftly approving letters of credit for small traders, following the Central Bank of Libya’s decision to set a credit ceiling of $300,000.
The source…
Exclusive: Central Bank Discusses Injecting No Less Than $1 Billion Through Foreign Exchange System
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Our source has exclusively obtained information about a meeting held at the Central Bank of Libya between the Governor and the heads of relevant departments.
The meeting focused on the plan to in…
African News Site: Libya Expected to Earn Over $20 Billion in Oil Revenues – Here’s Why
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The English-language African news outlet APA reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year—provided current geopolitical tensions in the M…