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Exclusive: Central Bank of Libya to Begin Cash Distribution Next Sunday — Extends Banking Hours and Warns of Strict Penalties for Non-Compliance
| News
Our source exclusively obtained the Central Bank of Libya’s circular to banks regarding its instructions to extend working hours until 5 p.m. starting from next Sunday until Thursday, October 16. Th…
Exclusive: Central Bank of Libya Explains Exchange Rate Surge — Traders’ Panic Over New Compliance Rules and International Oversight Behind the Rise
| News
The Central Bank of Libya exclusively told our source that it continues to implement measures to support the value of the Libyan dinar. It explained that yesterday’s rise in the exchange rate result…
Insurance and Economic Suicide Threatens Libya’s Insurance Sector
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Abdel Nasser Al-Naas, Director of Underwriting and Marketing at the African Reinsurance Corporation & International Insurance Expert wrote:
The Libyan insurance sector is facing an unpreceden…
Exclusively for Sada… Central Bank: Cash withdrawals by check up to 2,000 dinars without any commission
| News
Our source has exclusively obtained a correspondence from the Central Bank of Libya to the banks regarding the pricing controls for banking services.
The correspondence included the Central Bank’…
Al-Sharif: “The option of floating the dinar is more dangerous for the Libyan economy”
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Economic expert Ali Al-Sharif wrote a post stating that in economic circles, the issue of fixing or floating the Libyan dinar is being debated. This matter is linked to monetary policies and their i…
Exclusive to Sada: Some Free, Some Fee-Based – Full Breakdown of Banking Service Charges under Central Bank Regulations
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Our source has exclusively obtained the Central Bank’s circular to banks regarding the pricing regulations for electronic services. The circular outlines the maximum fees and commissions for account…