A currency dealer confirmed, today, Thursday, the rise in the dollar exchange rate in the parallel market, as the dollar recorded today 4.97, while its price in the past days was between 4.93. 4.95.
The price of the euro recorded today 5.37, while it was recorded 5.35 days ago.
The Director of the Information Office at Jumhouria Bank, Mohamed Saeed confirmed to our source the inclusion of the value of the children’s grant for the first quarter of the current year « months 1, 2 and 3 », adding that cash is available in the bank’s branches with an open daily withdrawal ceiling.
The administration of Jumhouria Bank called on customers and citizens not to overcrowd in the branches, due to the availability of cash in all the bank’s branches with an open roof, calling on customers at the same time to go to the branches to withdraw the value through the withdrawal windows, or through automated teller machines « ATM ».
On Tuesday, the Central Bank of Libya published a statement of the total foreign exchange amounts sold to commercial banks during the first quarter of this year, which amounted to about 4.5 billion dollars. The Aman Bank topped the banks in total foreign exchange sold in excess of 794 million dollars, Jumhouria Bank topped the banks in credits worth approximately 420 million dollars, and the best-selling for personal purposes was Aman Bank, with a value of 644 million dollars.
According to the Central Bank’s disclosure, the total appropriations during the first three months of this year amounted to about 2.7 billion dollars, the largest share of which was to Jumhouria Bank, with a value of about 420 million dollars, Yaqeen Bank with approximately 353 million dollars, and Nuran Bank with 282 million dollars, while for the total foreign exchange sales for personal purposes, it amounted to about 1.7 billion dollars, the largest share of which was Aman Bank with a value of 644 million dollars, followed by the National Commercial Bank with 438 million dollars, and then Jumhouria Bank with a value exceeding 224 million dollars.
The Central Bank of Libya indicated that the total value of remittances carried out by commercial banks during the months of January, February and March amounted to about 26 million dollars, of which about 10.6 million dollars were implemented by the North Africa Bank, and 5.5 million dinars were implemented by Libyan Foreign Bank, and more than 3.5 million dollars were executed through the Libyan Islamic Bank.
The economist and banking expert, Mohamed Al-Shukri, who was elected at the end of 2017 by the House of Representatives as governor of the Central Bank of Libya, said that the Libyan Foreign Bank is facing an unprecedented situation by withholding the country’s oil revenues in the accounts of the National Oil Corporation for its owner, the Central Bank of Libya.
Al-Shukri expressed his surprise at the current situation by saying: « This is a government that cannot receive its country’s oil revenues. The Chairman of the Board of Directors of National Oil Corporation is holding these revenues with the Foreign Bank, which faces an unprecedented situation before the Central Bank and is its owner for retaining these revenues and in front of the corporation that holds the sovereign account. He must transfer his balance within 48 hours. »
He added that the revenues accumulate with the Libyan Foreign Bank, in fact, as deposits with its correspondents, exceeding the credit limits established for them, and thus their impact on the legitimacy of the interests received, wondering, do these benefits belong to the foreign bank, the Nationa Oil Corporation or the Central Bank ?
Al-Shukri pointed out that the position of the Central Bank, which is the demand for spending on the first chapter « salaries » and the second « management » item within the limits of 1/12, and everything else is considered a public debt that needs legislation to legalize it.
The General Company for Cleaning Services Sebha received, today, Thursday, all the allocations for the company, which are salaries and operating value. This was done at the Cabinet Office in the Southern Region and in the presence of the Undersecretary of the Office of the Municipal Council of Sebha Municipality Abu Bakr Younis and the Chairman of the Directors Board of the company Salah Shebl.
This was done under the instructions of the Deputy Prime Minister of the Libyan government, Salem Al-Zadma, and under the supervision and follow-up of the Minister of Labor in the Libyan government, Abdullah Al-Sharif.
The Minister of Oil and Gas in the National Unity Government, Mohamed Aoun, met today, Wednesday, with the delegation representing the French company Total Energies, which consists of the President of Libya branch, Pascal Brent and the Vice President, Executive Director and Director of the Department of Sustainable Development, Bashir Bazizi.
The meeting discussed a number of topics that concern the company’s activity in Libya, in addition to its future projects in the fields of oil and gas production and alternative energy.
The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, met today, Wednesday, with the Chairman of the Administrative Control Authority in Tripoli, Suleiman Al-Shanti, in the presence of the designated Minister of Finance, Mohamed Al-Shahoubi.
The meeting discussed a number of topics, the most important of which are the current situation of the oil sector and the challenges it faces as a result of lack of funding and scarcity of budgets, and ways to find solutions to ensure that the Corporation is provided with the budgets required to maintain and increase production, and to provide appropriate services to workers in the oil sector.
The Chairman of the Directors Board of the General Electricity Company, Wiam Al-Abdali, met today, Wednesday, with the Turkish ambassador to Libya, Kenan Yilmaz, after coordination with the Libyan Ministry of Foreign Affairs.
During the meeting, aspects of cooperation in the field of energy were discussed, stressing the support of the General Electricity Company and the return of Turkish companies to complete the suspended projects, and urging Turkish companies operating in Libya to increase the pace of work and expedite the completion of the contracted projects and overcome the difficulties in front of them.
The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, met today, Wednesday, at the headquarters of the corporation in Tripoli, with the head of the Mellitah Oil & Gas B. V. Follow-up Committee, Salah Al-Din Ali, and members of the Committee, in the presence of the two members of the Corporation’s Board of Directors.
The meeting discussed a package of topics related to the committee’s work mechanism, in accordance with the directions set by the Corporation’s Board of Directors, as the Committee expressed its intention to carry out its mission at a specific time, and explained the plans for the next stage.
The Chairman and members of the corporation’s Board of Directors also presented a number of directives and observations that contribute to the completion of the committee’s work, outlining the urgent and important tasks of the Committee, and its role in promoting the principle of transparency and the rational government that the Corporation and its subsidiaries follow.
The Minister of Labor and Rehabilitation of the of National Unity Government Ali Al-Abed Al-Ridha visited the Passports, Nationality and Foreigners Affairs Department He was received by the head of the department, Major General Youssef Murad, the Director of the Administrative and Financial Affairs Department and the Director of the Employment Affairs Office.
The mechanism of recruiting labor was discussed by the committee formed by the decision of the Minister of Labor and Rehabilitation, stressing the importance of continuing this cooperation and coordination.