Exclusive: Central Bank Says All Bank Branches Will Be Supplied With Cash Dollars Starting Tomorrow, with Available Balances Exceeding $800 Million
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The Central Bank of Libya confirmed exclusively to our source that commercial banks have received their full requirements of cash US dollars, with total available balances now exceeding $800 million…
Exclusive: Central Bank Begins Foreign Currency Sales Program, Allocating $1.5 Billion for Letters of Credit and $1 Billion for Transfers
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The Central Bank of Libya told our source that it has officially begun implementing its foreign currency sales program for commercial banks, covering letters of credit, international transfers, and…
Italian Company Completes Key Milestone in Libya’s Bouri Gas Development Project
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Italian engineering and construction company Saipem announced on Wednesday that it has successfully delivered a gas recovery module for the Bouri Gas Utilization Project to its offshore installation…
Al-Griw: LIA Chairman Leading Efforts to Turn Investment Agreements into Real Projects
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Louay Al-Griw, Media Adviser to the Libyan Investment Authority (LIA), said that Ali Mahmoud is spearheading efforts to transform the Authority’s agreements and memoranda of understanding into concr…
Husni Bey Explains Why He Supports Full Cash Replacement of Fuel Subsidies
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Libyan businessman Husni Bey said that his call for the complete cash replacement of fuel and energy subsidies—whose annual cost he estimates at more than 100 billion Libyan dinars—is driven not onl…
Central Bank to Inject $3.5 Billion into the Banking System Starting Tomorrow
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The Central Bank of Libya confirmed exclusively to our source that it will begin, starting Tuesday, implementing a $3.5 billion foreign currency allocation program through commercial banks.
Accor…













