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…
Exclusive: Tripoli Primary Court Rules in Favor of the Audit Bureau on Pre-Contract Oversight
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Exclusive sources told our source that the South Tripoli Primary Court has issued its ruling regarding the appeal submitted by the President of the Administrative Control Authority, in his capacity…
Exclusive: Central Bank of Libya Warns UBCI Over Unauthorized Fees and Orders Refund of 3.4 Million LYD
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Our source has exclusively obtained a letter from the Central Bank of Libya addressed to UBCI, warning the bank over unauthorized deductions of fees from customers.
According to the findings of t…