Reuters Reveals Production Sharing Contracts in New Oil Bid Round in Libya
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Reuters reported today, Monday, quoting oil officials, that Libya will offer 22 oil exploration and development blocks in its first bidding round in more than 17 years.
According to Reuters, the…
Exclusive: Central Bank Issues Reminder on 50-Dinar Withdrawal Deadline and Urges Action from Citizens and Banks
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Our source obtained a reminder from the Central Bank of Libya regarding the deadline for withdrawing the 50-dinar banknotes by the end of April.
The Central Bank stated: The final date to accept…
Exclusive: Husni Bey Comments on the Exchange Rate Adjustment: The Majority Calls for Reform but Rejects Change, Insisting on Tools and Mechanisms Proven to Fail
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Libyan businessman Husni Bey told our source in an exclusive statement: In my view, the rate approved, with an added 15% fee, actually represents a devaluation of the exchange rate, not an increase…
Al-Akkari: “The Central Bank’s Decision to Adjust the Exchange Rate is to Protect Reserves… Our Dinar Will Rise and the Dollar Will Drop the Day National Loyalty Rises”
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Banking expert Misbah Al-Akkari stated on his official Facebook page: When a three-month window is granted to issue a unified budget that serves the entire homeland, with the Central Bank involved i…
Libyan Economic Experts Urge Immediate Reforms Amid Growing Crisis
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Sada republishes an important message from a group of economic and financial experts regarding Libya’s economic situation and proposed solutions. They said: Following the report published yesterday…
Exclusive: Al-Harati Speaks on the Risks Highlighted by the Central Bank Data That Led to the Devaluation of the Libyan Dinar and Its Accompanying Effects
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Legal advisor Hisham Al-Harati spoke exclusively to our source stating: “What is happening in Libya is a blatant example of a betrayal of trust, as corrupt parties entrusted with the responsibility…