Exclusive: Central Bank begins importing foreign currencies in cash to sell to exchange companies, with $500 million expected to be injected in the first phase
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Our responsible source at the Central Bank of Libya revealed exclusively that the bank has begun procedures to import foreign currencies in cash, for the purpose of selling them directly to exchange…
Exclusive.. Central Bank Sets Additional Working Days for Collecting Banknotes Scheduled for Withdrawal at the End of September
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Our source has exclusively obtained a circular from the Central Bank of Libya instructing banks to operate on Saturday, September 20, and Friday–Saturday, September 26–27. Working hours will be from…
Exclusive.. Central Bank: After the withdrawal of the 5 and 20 dinar notes at the end of September, we will begin taking more effective steps, and all observers expect the dollar to drop
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The Central Bank of Libya revealed exclusively to our source hat the difference between the dollar against the 20 and 5 dinar notes exceeded 850 dirhams. This gap was due to demand for the dollar fr…
Al-Hadiri Discusses the Technical and Legal Impact of Merging Libyan Oil Companies into a Single Entity
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Legal expert in the oil sector, Othman Al-Hadiri, wrote: What are the technical and legal impacts of merging Libyan oil companies into a single company? How would this affect oil operations? And wha…
Exclusive.. Market watcher from Benghazi: “A significant decline in the dollar’s price in the parallel market is expected as demand drops in line with measures to be implemented in October”
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A market observer in Benghazi told our source exclusively: “With the expiration of the 20 and 5 dinar banknotes on September 30, and expectations that the Central Bank will inject billions of dollar…
Exclusive.. CBL: Total Demand for Letters of Credit Near $3 Billion, Equivalent to 19 Billion Dinars, to Be Covered by the Central Bank
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Our senior source at the Central Bank of Libya revealed exclusively that the credit booking platform has achieved its goals, enabling all importers—including small traders—to reserve foreign currenc…