The Central Bank of Libya exclusively confirmed to our source that it is working on settling the remaining letter of credit requests received from banks this week, amounting to $1.4 billion, as well…
Our source exclusively obtained the Central Bank of Libya’s circular addressed to all banks, urgently requesting them to take several measures — most notably to accelerate the process of issuing and…
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…
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…
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…
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’…
