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Exclusive: Central Bank Circulates Guidelines to Banks on the Roles of Licensed Exchange Companies and Offices
| News
Our source obtained exclusively a circular from the Central Bank of Libya to banks regarding the activities conducted by licensed exchange companies and offices in foreign currency transactions…
Exclusive: Central Bank Authorizes Banks to Allow National Industrial Companies to Transfer Loan Installments from Foreign Banks or Financial Institutions
| News
Our source has obtained a copy of the Central Bank of Libya’s instructions to commercial banks, permitting national industrial companies operating in Libya—and meeting all legal requirements—to tran…
Exclusive.. Sources reveal: Sensitive powers leave the Ministry of Economy by decision of Al-Huwaij
Exclusive sources told our source that the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, decided to transfer part of the ministry’s powers to a committee comprising fig…
Abu Snina writes: “The Economic and Psychological Effects of a Constant State of Waiting and Anticipation”
| News
Economic expert Mohamed Abu Snina wrote in an article:
“For years, Libyans have been accustomed to waiting—whether to obtain a commodity or service, to complete a certain procedure, to hear news…
Exclusive… Central Bank Circulates to Banks Allowing Foreign Currency Account Holders to Deposit up to $10,000 or Equivalent in Other Currencies
| News
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to banks, permitting holders of foreign currency bank accounts—individuals and entities—to deposit cash into t…
Jeune Afrique: Trump invests $8 billion in Libya… Here are the details
| News
The French magazine Jeune Afrique reported on Sunday that U.S. President Donald Trump is focusing on Libya’s oil and gas sector as part of his broader “African Resources Diplomacy” strategy, which i…