Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions

The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]

Morocco, Switzerland submit report on strengthening UN Human Rights Treaty Bodies

Permanent Representative of Morocco to the UN, Omar Hilale, and the Ambassador of Switzerland, Pascale Baeriswyl, have submitted to the UN General Assembly’s President Tijjani Muhammad-Bande the report on their co-facilitation of the process of strengthening the Human Rights Treaty Bodies. In the report covering letter, the two diplomats stressed that they echoed all the […]

Phosphates: Morocco’s OCP sends Rwanda 15,000 tons of fertilizers

Morocco’s state-owned phosphate OCP Group has provided Rwanda 15,000 tons of Diammonium Phosphate (DAP) in a solidarity move to help farmers of this African country maintain productivity amid a serious global supply shortage, leading to record high fertilizer prices. The announcement of Moroccan donation was made over the weekend by Rwanda’s Minister of Agriculture Gerardine […]