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Empty containers return again… $54 million wasted through 11 shell companies without a single good entering Libya
| News
The official spokesperson of the Libyan Customs Authority, Fahmi Al-Maqouri, revealed that the Authority has succeeded in uncovering 11 commercial companies that were granted letters of credit to im…
Exclusive: Central Bank Considers Limiting Salary Disbursements to “Instant Salary” Starting January, Details to Follow
| News
Our source obtained, exclusively, a correspondence from the Governor of the Central Bank of Libya addressed to the Minister of Finance of the Government of National Unity, calling on entities that h…
Exclusive: Central Bank: Settlement of All Outstanding Credits in the Credit System and Sale of Funds to Banks Totaling $2.3 Billion
| News
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.
| News
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
| News
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
| News
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…