haftar

Libya Issues Licenses to 91 New Foreign Exchanges Bureaux amid Dinar Slide and Cash Crisis

The Central Bank of Libya (CBL) has granted final practice permits to 91 companies and foreign exchange bureaux, as the Libyan dinar fell to 8.17 against the US dollar on the black market, amid ongoing cash shortages. The decision was announced on Tuesday, December 9. The CBL said the latest licensing forms part of its […]

Tax amnesty: Over $10 bln injected in Morocco’s banking system

Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]

France’s President announces end of Operation Barkhane

French President Emmanuel Macron announced Thursday a “profound transformation” of the French military presence in the Sahel and the establishment of an international anti-jihadist alliance in the region.   “Following consultations with our partners, in particular the United States … European countries … we will begin a comprehensive transformation of our military presence in the […]