Exclusive: Central Bank Instructs Commercial Banks to Coordinate with Issuance Department to Secure Cash Liquidity Needs
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Our source obtained a communication from the Central Bank of Libya addressed to commercial banks, instructing them to contact the Issuance Department and its branches outside the city of Tripoli. Th…
Exclusive: Central Bank Reveals Mechanism for Distributing $1 Billion in Cash to Banks, Sets Maximum Exchange Rate at 6.43 LYD per Dollar
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The Central Bank of Libya revealed to our source that an initial batch of $1 billion in cash will be distributed to commercial banks. The booking and purchasing mechanism will follow the same system…
Exclusive: Telecommunications Unions Alliance Rejects Settlement Granting Oil Field Services to Rawafed
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Our source obtained copies detailing the agreement record between the Libyan Telecommunications Holding Company and Rawafed Company regarding the connection of oil fields to a telecommunications sys…
Al-Zantouti: Fortunate Thanks to Massad Boulos… Yet Unfortunate That Libya Could Not Unite on Its Own
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Financial analyst Khaled Al-Zantouti wrote in an article in which he stated that there is no doubt everyone welcomed the agreement to unify public spending announced yesterday. Regardless of the det…
Exclusive: Central Bank to Hold Meeting with Commercial Bank Directors on Cash Dollar Sales Mechanism
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The Central Bank of Libya revealed exclusively to our source that it will hold an expanded meeting this week with directors of commercial banks to discuss several key issues. Most notably, the meeti…
Husni Bey: On the Priorities of Financial Reform in Libya: From Price Subsidies to Cash Transfers and Strengthening Fiscal Sustainability
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Libyan businessman Husni Bey wrote in a post: On the priorities of financial reform in Libya: from price subsidies to cash support and enhancing fiscal sustainability. In light of recent development…














