Erem – The announcement by the Supreme Council of State in Libya to reopen the file of sovereign positions with Parliament raised a number of questions among the political class due to its timing, even though the target was the Governor of the Central Bank, in a clash with the priority of the House of … Read more
The British Global Platts agency reported on Wednesday, citing Tim Eaton, a research fellow at Chatham House, that the political and economic importance of the Libyan oil sector is undeniable. It represents almost the entire Libyan economy and is essentially what keeps everything running. The British agency added that officials of the National Oil Corporation … Read more
Abeer MahmoudThe economic scene in Libya began to change radically since the beginning of this February, with the dollar exchange rates in the parallel market continuing to rise remarkably despite attempts to contain it, which shed light on many important political issues that affected the Libyan economy and its inflation rates.Where the silent conflict, which … Read more
The Governor of the Central Bank, Al-Siddiq Al-Kabir, objected to a proposal to assign financing for the settlement of debts of Libyan parties for the benefit of the Tunisian state to the National Oil Corporation. Al-Kabir, in a letter to the head of the National Oil Corporation, considered this proposal a dangerous precedent that conflicts … Read more
Nisreen Suleiman – “Al-Quds Al-Arabi”The sudden and unprecedented rise in the exchange rate of the US dollar against the Libyan dinar has sparked widespread public concern and fears of the repercussions of this rise on the citizen’s cost of living, amid questions about the reasons for this rise in the oil-exporting country. Recently, the price … Read more
The Libyan Prime Minister, Osama Hammad, issued a statement regarding the statements issued by the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, in which he affirmed that the wrong practices of the National Unity Government, which he described as “expired,” caused the deterioration of the living conditions of citizens and harmed the national … Read more
The head of the National Unity Government, Abdul Hamid Dabaiba, confirmed today, Tuesday, that nearly $200 million were purchased in one week, from parallel, with the newly printed counterfeit money that the Central Bank referred to in one of its correspondence. Al-Dabaiba explained in his speech during the first meeting of the Council of Ministers … Read more
Arabic – Monia GhanmiThe Prime Minister of the National Unity Government is facing the worst period in his rule since his appointment, after the voices demanding the formation of a new unified government in Libya to change the status quo rose and expanded, driven by the deterioration of the country’s financial, living and security situation. … Read more
The economic expert, Abdullah Al-Tarhouni, spoke exclusively to the Sada Economic newspaper about the decision issued today by the Speaker of the House of Representatives regarding imposing a fee on the sale of foreign currency, where he said: “Aguila Saleh’s individual decision is incorrect because the tax is imposed by law, and the law needs … Read more
The First Deputy Speaker of the House of Representatives, Fawzi Al-Nuwairi, announced in a statement on Thursday his rejection of the decision of the Speaker of Parliament, Aguila Saleh, regarding imposing a tax on the exchange rate at a rate of 27%, indicating that he and his fellow members of the House were surprised by … Read more
