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Central Bank to Sada: The Decline in Oil Prices Was Expected from Day One; This Is Why We Insisted on Maintaining the Unified Public Spending Framework

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The Central Bank of Libya stated exclusively to our source that numerous rumors and misleading reports are circulating, and it is very clear that their objective is to obstruct reform efforts and un…
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Exclusive: Abu Shaiba: Libya’s Import-Dependent Economy, Relying on Imports for More Than 90% of Its Needs, Will Face a Comprehensive Shock and Citizens Always Pay the Price

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Professor of Economics at the Faculty of Economics and Political Science Younis Abu Shaiba told our source that the Finance Minister issued Resolution No. 160 on April 6, 2026, which abolished the p…
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Central Bank of Libya to Sada: Technical Support for Foreign Currency Reservation System Completed; Platform to Resume Operations Tomorrow with Greater Efficiency and Speed

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The Central Bank of Libya confirmed exclusively to our source that all technical and technological support work for the foreign currency reservation system has been completed. The Bank stated tha…
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Exclusive: Mraj’a Ghaith to Sada: Consumers Will Bear the Impact of Higher Customs Duties After Raising the Customs Dollar Rate

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Former member of the Board of Directors of the Central Bank of Libya Mraj’a Ghaith explained in an exclusive statement to our source the impact of the Finance Minister of the Government of National…
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Exclusive: Central Bank: We Will Announce the Results of the Cyber Incident Investigation Once the Final Report from the International Specialized Firm Is Issued

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The Central Bank of Libya denied the authenticity of a circulating report concerning the recent system outage incident and affirmed the success of its recovery plan. The Bank stated that the circ…
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Exclusive: Commenting on the Finance Minister’s Decision to Abolish the Customs Dollar Rate, Al-Farsi: The Measure Shifts from Being a Tool to Boost Public Revenues to a Wrecking Ball for Purchasing Power

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Ayoub Al-Farsi, a member of the Monetary Policy Committee at the Central Bank of Libya, told our source exclusively that the Finance Minister’s decision to raise the customs dollar rate to 6 dinars…
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