letters of credit Archives

News

Global Witness and ARIJ to hold webinar on information about the LCs posted by the Libyan Central Bank

Amira Cherni25 February، 202125 February، 2021

25 February، 202125 February، 2021

Following their recent report, Global Witness and ARIJ are teaming up to offer a two-hour webinar on a unique dataset compiled and published by Global Witness...

News

CBL responding to Global Witness report: “the report draws misleading conclusions”

Amira Cherni22 February، 202122 February، 2021

22 February، 202122 February، 2021

Responding to the Global Witness report, the Central Bank of Libya (CBL)said that the report emphasized the importance of eliminating abuses within the LC system,...

News

NGO Global Witness uncovers the way Libya’s multibillion-dollar trade finance scheme risks defrauding the country via London banks

Amira Cherni19 February، 202113 March، 2021

19 February، 202113 March، 2021

A research by international NGO Global Witness has uncovered how Libya appears to be losing millions of dollars a year through the fraudulent use of its...

News

Fahmi al-Maqouri: “Customs Department seized 300 companies and thousands of fictitious containers”

Amira Cherni15 July، 202015 July، 2020

15 July، 202015 July، 2020

During a televised interview for Libyan WTV channel and Tabadul Platform, the official spokesman for the customs authority, Fahmi al-Maqouri announced that during the past three years, the Customs Department has...

News

Abdul Hamid al-Fadhil: “dual exchange rate creates more corruption opportunities”

Amira Cherni15 July، 202015 July، 2020

15 July، 202015 July، 2020

During “Flusna”, a television programme broadcasted on WTV channel and Tabadul Platform, the economic expert Abdul Hamid al-Fadhil stressed that what is happening with corruption, currency...

News

Mohammed Al-Raied: “dual exchange rate devastates the Libyan economy”

Amira Cherni15 July، 202015 July، 2020

15 July، 202015 July، 2020

During a televised interview for Libyan WTV channel and Tabadul Platform, member of the House of Representatives (HoR), Mohammed Al-Raied, stressed that the reason for the economic...

News

Tripoli CBL allows local banks to open Letters of Credit

Amira Cherni20 April، 202020 April، 2020

20 April، 202020 April، 2020

According to today’s statement posted on Facebook , the Tripoli Central Bank of Libya issued instructions allowing local banks to resume the opening of Letters...