Exclusive: Central Bank’s Accounting Department Begins Implementing Letters of Credit and Personal Purpose Allocations
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The Central Bank of Libya revealed exclusively to our source that its Accounting Department has begun selling the value of letters of credit to commercial banks and granting new approvals.
This c…
Exclusive: Documents Reveal Central Bank Directs Jumhouria Bank to Suspend Letters of Credit for Al-Bashir Printing and Publishing Company
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Our source obtained exclusively a copy of the Central Bank of Libya’s correspondence to Jumhouria Bank, stating that the Governor has issued instructions to suspend all letters of credit in favor of…
Exclusive: Mediterranean Company Announces the Establishment of a New Operations and Maintenance Company and the Restructuring of Its Board of Directors
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Our source obtained a copy of the correspondence from the Board of Directors of the Mediterranean Company, which included a decision to restructure the Board of Directors of MedStream Company in Mon…
Exclusive: Central Bank Governor Issues Instructions to Jumhouria Bank to Halt the Transaction of Al-Bashir Printing and Publishing Company
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The Central Bank of Libya confirmed exclusively to our source that direct instructions were issued by Governor Naji Issa to Jumhouria Bank.
These instructions involve suspending the transaction o…
Exclusive: The Central Bank approves granting Al-Bashir Printing Company letters of credit worth $23.5 million to cover the cost of school textbooks
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Our source has exclusively obtained a copy of a letter from the Central Bank of Libya to Jumhouria Bank, stating that Al-Bashir Printing, Publishing, Advertising, and Promotion Company has been gran…
Exclusive – Documents reveal: Italian company “Rotolito” to the Ministry of Education — The books have been ready for two months, but extortion and shipping delays have caused us major financial losses
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Our source has obtained a letter sent by the Italian company Rotolito to the Ministry of Education of the Government of National Unity, confirming that all school textbooks have been fully printed a…