Exclusive: Libya Central Bank Governor Naji Issa Urges Ministry of Justice to Require Electronic Payment Methods at Law Offices
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Our source obtained a letter from the Governor of the Central Bank of Libya, Naji Issa, to the Minister of Justice, in which he called for obligating all law firms, consultancy offices, and contract…
Exclusive: Central Bank Confirms It Will Begin Sending Cash Shipments Tomorrow to Benghazi and Ubari
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The Central Bank of Libya exclusively confirmed to our source that it will begin sending cash shipments tomorrow to the cities of Benghazi and Ubari, after sending cash to Ghat today.
This comes…
Exclusive: With Personal Purpose Verification, Central Bank to Settle Remaining Letter of Credit Requests Worth $1.4 Billion This Week
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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…
Exclusive: Central Bank Urges Banks to Expedite the Issuance and Delivery of Bank Cards, Warns of Severe Penalties for Non-Compliance
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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…
Exclusive: Central Bank of Libya to Begin Cash Distribution Next Sunday — Extends Banking Hours and Warns of Strict Penalties for Non-Compliance
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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…
Exclusive: Central Bank of Libya Explains Exchange Rate Surge — Traders’ Panic Over New Compliance Rules and International Oversight Behind the Rise
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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…