Libyan businessman Husni Bey said that his call for the complete cash replacement of fuel and energy subsidies—whose annual cost he estimates at more than 100 billion Libyan dinars—is driven not onl…
The Central Bank of Libya confirmed exclusively to our source that it will begin, starting Tuesday, implementing a $3.5 billion foreign currency allocation program through commercial banks.
Accor…
Financial analyst Khaled Al-Zantouti has written an article warning of what he describes as a growing demographic challenge facing Libya.
Al-Zantouti argues that Libya is experiencing a range of…
At a time when the world is witnessing growing reliance on electronic payment services, citizens in Egypt reported disruptions today affecting several payment machines and points of sale, along with…
Our source obtained a Central Bank of Libya correspondence instructing banks to cover citizens’ cash allocations for personal purposes, totaling $800 million, and requesting coordination with the Is…
Our source obtained correspondence from Central Bank of Libya Governor Naji Issa directing banks to operate tomorrow, Tuesday, to enable citizens to withdraw cash ahead of Eid al-Adha.
The holida…
