Exclusive: Central Bank: Settlement of All Outstanding Credits in the Credit System and Sale of Funds to Banks Totaling $2.3 Billion
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The Central Bank of Libya revealed exclusively to our source that all outstanding credits within the credit system have been settled, and their value sold to banks by the end of business today, Thur…
Exclusive: Leaks to Sada: Currency will be sold to exchange companies based on the available balance in their accounts, or at 70% of the balance held with the Commercial Bank.
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Our source has obtained leaks from a meeting of the Central Bank’s Board of Directors indicating that foreign currency will be sold to exchange companies according to the funds available in their ac…
Exclusive: Banking Source Expects Parallel-Market Dollar to Fall Below 8 Dinars Following Central Bank Measures
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Our banking source told in an exclusive statement that the U.S. dollar is expected to fall below 8 dinars in the parallel market, as a result of anticipated measures by the Central Bank of Libya and…
Exclusive: Central Bank to Continue Selling Foreign Currency to Cover Approved Letters of Credit; $500 Million Sold Today
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The Central Bank of Libya confirmed exclusively to our source that it will continue selling foreign currency to cover approved letters of credit.
The Bank added that $500 million was sold to comm…
Al-Manea: “Saudi Arabia’s Issuance of International Bonds Is an Indicator of Economic Development”
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Advisor Mustafa Al‑Manea wrote that Saudi Arabia’s issuance of international bonds is a clear indicator of economic development.
At a time when the economies of many countries rely on oil as a so…
Exclusive: Central Bank Board Meeting Expected to Push the Dollar Below 8 Dinars
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The Central Bank of Libya told our source exclusively that the Board of Directors will meet tomorrow for approval, and that the most important measures will target bringing the exchange rate in the…