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Libya: Central Bank Allows Foreign Residents to Use e-Wallets, Sets Daily Transfer Limits

The Central Bank of Libya has instructed commercial banks and electronic payment providers to allow officially registered foreign residents to use e-wallets as part of efforts to expand digital payments and promote financial inclusion.   According to a letter dated March 11, 2026 and referenced 9/2026, which was leaked to Libyan media, the directive is […]

Fitch Ratings downgrades Tunisia to ‘CCC’

Fitch Ratings has downgraded Tunisia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘B-‘, reported Tunisian News Agency TAP. The agency said that the downgrade to ‘CCC’ reflects heightened fiscal and external liquidity risks in the context of further delays in agreeing on a new program with the IMF after the political changes of […]

Morocco on way to raise salaries of employees, civil servants

The Moroccan government and major labor unions are discussing a 10% wage hike for the minimum salary in the private sector employees and a 1000-dirham raise for civil servants, Miloud Mokharik head of UMT union said. The salary hikes would take place in two stages this and next year, Mokharik told L’economiste daily. Negotiations also […]