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Author: LS

The Higher Committee for the Implementation of the Youth Housing Initiative is following up the executive procedures of the initiative

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The Higher Committee for the implementation of the initiative of the Prime Minister of the National Unity Government for Youth Housing and Families in Need discussed in its meeting yesterday, Sunday, the executive procedures that have been implemented, the regulations and requirements of the Savings Bank in housing lending and the financing process necessary for the initiative and the mechanisms of the implementation process of the initiative, in addition to discussing the readiness of the locally targeted sites for the lending program.

The meeting was attended by the Minister of Housing and Construction in the Government of National Unity, the President of the General Assembly of the Savings and Real Estate Investment Bank, Abu Bakr Al-Ghawi, the Minister of Youth in the government, Fathallah Al-Zani, the Director General of the Savings and Real Estate Investment Bank and a member of the bank’s board of directors, in addition to officials of the Zakat Fund and the Follow-up Committee on the implementation of the initiative.

The Libyan mission in Turkey is following up on the situation of the Libyan community after an explosion in Istanbul

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The Libyan mission in Turkey confirmed today, Sunday, that it is conducting contacts at the highest levels with all Turkish government agencies and hospitals, to follow up on the situation of the Libyan community after a bombing incident in Istanbul.

The Libyan Mission in Turkey added that an emergency room was formed at the Consulate General in Istanbul, and several numbers were put under the disposal of Libyan citizens and to provide any assistance needed by the citizens.

The mission confirmed that “the Consulate General contacted all the hospitals that received the wounded, and there is no evidence so far of injuries among our citizens. We ask them to contact the numbers published under their custody and report any case with which contact was lost.”

Dbeibeh discusses with the Minister of Foreign Affairs of Malta a number of economic and political files of interest to the two countries

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, discussed today, Sunday, with Maltese Minister of Foreign Affairs, Ian Borg, and his accompanying delegation at the Cabinet Office, a number of economic and political files of interest to the two countries, in the presence of the Minister of Foreign Affairs and International Cooperation, Najla Al-Mangoush.

Dbeibeh stressed the need to increase cooperation in the fields of energy, open the air file between the two countries through Mitiga and Benina airports, and increase cooperation in combating illegal immigration.

For his part, Borg indicated the importance of this visit and his discussion of important files with the Minister, Al-Mangoush, regarding supporting the elections in Libya and the success of the economic talks in the field of renewable energies that took place between the Maltese Minister of Energy and the Minister of Oil and Gas, Mohamed Aoun.

Al-Mangoush indicated that there are serious steps that will be taken in a number of areas that were discussed.

Karmus to our source: “The State Council session scheduled for today is postponed”

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A member of the Supreme Council of State, Adel Karmus, said in an exclusive statement to our source today, Sunday, that the session of the State Council, which was scheduled to be held today, has been postponed.

Karmus added that the reason for not holding the session was the lack of a place due to the maintenance of the hall for the session in the Mahari Hotel in the capital, Tripoli, adding that this session is suspended, and it will resume this week in case of obtaining an alternative place.

The official dollar exchange rate in the Central Bank is falling to its lowest level since last August

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The official dollar exchange rate at the Central Bank of Libya witnessed a significant decline this morning, Sunday, by nearly 2% from the price it was at the end of last week, recording 4.906 dinars to the dollar, which is the lowest level of the exchange rate in the Central Bank since mid-August.

The official exchange rate at the Central Bank of Libya witnessed a decline last week, falling below the 5 dinars barrier, recorded on Thursday, 4.997 dinars, before declining this morning to 4.906 dinars, or 1.8% from its previous rate, which is the first time that the exchange rate reaches this level since the 18th of last August, when it recorded a rate of 4.896 dinars to 1 dollar.

It is worth noting that the official dollar exchange rate at the Central Bank of Libya witnessed a significant increase in the past two months and reached unprecedented levels that reached its peak last September, specifically on the 28th of it, when the exchange rate at the Central Bank reached 5.086 dinars to 1 dollar.

Conclusion of the talks of the Governor of the Central Bank of Libya with experts of the International Monetary Fund on the reality of the Libyan economy

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Today, Saturday, the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, concluded his talks with experts of the International Monetary Fund on the reality of the Libyan economy, which lasted for a week in the Tunisian capital, in the presence of the Ministers of Economy, of Trade, of Finance and of Planning of the Government of National Unity, in addition to officials of the Statistics and Census Authority and directors of the relevant departments of the Central Bank. .

The discussions dealt with ways to return to Article 4 consultations, which have been suspended since 2014, as well as the reality of the Libyan economy, the stages it has gone through during the past years, and the measures taken to limit the negative effects created by successive crises. The attendees also discussed the measures taken by the Central Bank of Libya to maintain the financial sustainability of the state in light of the exceptional circumstances the country is going through.

At the conclusion of the talks, the governor, Al-Kabeer, expressed his happiness at the return of such consultations in the presence of all ministries and institutions concerned with the Libyan economic affairs, wishing to move forward to correct the country’s financial and economic tracks and the need to unify efforts to develop a comprehensive economic vision and to hold more meetings periodically between state institutions and fund experts.

The dollar exchange rate in the parallel market fell below 5.20 for the first time since last September

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The exchange rate of the dollar in the parallel market fell this morning, Saturday, to below 5.20, recording a price of 5.17 dinars to 1 dollar, for the first time since mid-September.

The exchange rate of the dollar witnessed a significant increase at the end of September and the beginning of last October, which reached its peak when the exchange rate crossed the barrier of 5.33 dinars to 1 dollar, so that its price during the last period ranged between 5.22 and 5.28 dinars.

Al-Akari: “If Libya keeps up with the exchange rate of 1.40, we will have to borrow from the International Monetary Fund and the dollar will have reached 25 dinars”

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The banking expert and member of the exchange rate adjustment committee formed by the Central Bank of Libya, Misbah Al-Akari, said that the decision to amend the exchange rate at the beginning of the year 2020 to 4.48 dinars stopped the collapse of the state and gave it financial sustainability.

Al-Akari confirmed in statements to Flusna program, which is broadcast on WTV channel and Tabadul TV that if Libya continues at the exchange rate of 1.40, the governor and the prime minister will request an advance from the International Monetary Fund, and then we will have only two options: either drain the reserve or the exchange rate reaches 25 dinars to the dollar.

The total expenditures of the Council of Ministers of the Government of National Unity, House of Representatives, Council of State and the Presidential Council exceed 2.7 billion dinars this year

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The recent Central Bank of Libya statement on government revenues and spending revealed that the total expenditures of the Council of Ministers of the Government of National Unity, the House of Representatives, the Presidential Council and the Supreme Council of State during this year until the end of October exceeded 2.7 billion dinars.

The Central Bank clarified in its statement that the total expenditures of the Council of Ministers of the National Unity Government and its affiliated entities during this period amounted to one billion and 391 million dinars. The expenditures of the House of Representatives and its affiliated entities exceeded 4779 million dinars. The Presidential Council’s expenditures and its affiliated entities amounted to 545 million dinars until the end of October, while the expenditures of the Supreme Council of State amounted to 38 million dinars.

The Public Prosecution orders the imprisonment of a former financial official in the General Company for Cleaning Services of Murqub

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The Public Prosecution ordered the pretrial detention of a former financial official in the General Company for Cleaning Services of Murqub, pending investigation, on charges of disbursing an amount of 13 million and 550 thousand dinars based on forged documents.

The Attorney General’s Office explained that the Public Prosecution Office of the Anti-Corruption Prosecution in the Court of Appeal of Al-Khums considered the outcome of the Audit Bureau’s report regarding the contracts concluded by the company during the period from 2016 to 2020. The investigation revealed the fact that the official responsible for the rules and procedures regulating financial work and its procedures had left to contribute, with others, to the implementation of the scheme to obtain illegal material benefits.

He added that the former financial official of the company deliberately falsified the truth in the documents entrusted with the duty to edit them by showing the execution tools contracted with it that it had carried out the works subject to its commitment under the contracts. An amount of 13 million and 550 thousand dinars was disbursed to her based on those documents, which resulted in damage to the funds entrusted to him to manage, and thus the investigator ordered the pretrial detention of the accused pending investigation and the prosecution of the rest of the accused.