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Exclusive: Central Bank Studying Regulations to Allow Direct Transfers to the Chinese Market and Imports via Documents Against Collection
| News
The Central Bank of Libya revealed exclusively to our source that it is currently studying the establishment of regulations to permit direct foreign currency transfers to the Chinese market.
The…
Exclusive – Central Bank Issues Circular to Banks on Providing Branches with Necessary Cash, Especially in Areas Outside Tripoli
| News
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks, instructing them to provide their branches—especially those located outside the city of T…
Exclusive: Central Bank Begins Completing Approvals for Letters of Credit and Personal Purposes
| News
The Central Bank of Libya revealed exclusively to our source that it has begun this morning completing approvals for letters of credit and the sale of foreign currency to banks for documentary credi…
Rabie Shrair Calls on NOC Chairman and Central Bank Governor to Halt Dealings with Oracle
| News
Rabie Shrair, head of the Forums for Sector Development, has urged Libyan banks and oil companies to urgently seek immediate alternatives to Oracle’s systems after evidence surfaced of the company’s…
Zambian Diplomat Reveals Scandal Involving Libyan Under Investigation for Embezzlement
| News
A Zambian diplomat named Emmanuel Mwamba has revealed a scandal involving a Libyan national who is under investigation for embezzling $800,000.
According to the diplomat, Shukri Al-Juaidi, a Liby…
Spanish Newspaper: Barcelona Withdraws from Agreement to Play Friendly Match in Libya and Returns €5 Million
| News
The Spanish newspaper Barca News reported on Saturday that FC Barcelona has faced financial difficulties in recent years, leading the club to participate in numerous friendly matches — in addition t…