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The Central Bank of Libya has announced that it is going to sell $400 (liable to increase) for each Libyan citizen with the official foreign currency rates ($1 = LYD 1.42) starting from Wednesday, February 01 and up to the end of 2017.

Each family member will be allowed to buy $400 with the official exchange rates and the all of the dollars of the family members will be deposited in a separate bank account for each familys bread owner (whether the father or the mother) from which they can withdraw the money by visa cards or via money transfers (or cash when the embargo placed on Libya in 2013 ends). The CBL announced on Wednesday afternoon.

The family bread owner can buy the money using cash or using their money that was deposited in other bank accounts they own, the CBL added, stressing that if they did not cash out the dollars during 2017, they can keep them for as long as they please.

We have the monetary coverage for this step, and we called on all commercial banks to start implementing the order starting from the date of issuing it. The CBL indicated.

It also pointed out that the CBL will continue to allow money transfers for reasons of medical treatment and study worth $7500, separately from the new order.

Our economy is fine and we wont allow the black markets speculations to damage, we depend on the Libyan citizens awareness and cooperation to regain Libyas stability. The CBL concluded in its statement.

See the article here:
CBL to allow each Libyan citizen to buy $400 from banks by official rates - The Libya Observer

Libya Oil Output On The Rise, Highest Since 2014 Forbes After a series of setbacks and missteps, Libya is reportedly on track to continue its increased oil production in 2017, with output now sitting at the highest levels seen since 2014. According to media reports, the North African nation is currently ... Time To Get Back Into Libyan Oil? Probably Not Quite YetOilPrice.com all 3 news articles »

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Libya Oil Output On The Rise, Highest Since 2014 - Forbes

Three Italians and a Libyan national have been detained,accused of smuggling weapons including surface-to-air missiles andassault riflesinto Iran and Libya between 2011and 2015

Annamaria Fontana with former Iranian President Mahmoud Ahmadinejad

According to La Repubblica, three Italians couple Mario Di Leva and Annamaria Fontana, and legal representative for Rome-based Societ Italiana Elicotteri Andrea Pardi, was already involved in another investigation on arms trafficking and recruitment of mercenaries between Italy and Somalia and a Libyan national, Mohamud Ali Shaswish, are accused of smuggling air ambulances and weapons such as surface-to-air missiles, assault rifles and anti-tank missiles to Libya and Iran between 2011 and 2015. The air ambulances were then converted into military helicopters, La Repubblica reported.

Reuters news agency, however reported that the three Italians have been arrested while police were still looking for the Libyan man.

The military equipment was manufactured in the ex-Soviet bloc and shipped from third countries, including Ukraine and Tunisia, Reuters reported, citing police.

Reportedly, investigations are focusing on the possible trafficking of arms destined to a group which supports ISIS in Libya.

Di Leva is said to have converted to Islam and changes his name to Jafaar, and is allegedly being investigated for suspected radicalisation.

Prosecutors have in their possession a picture of the couple with former Iranian President Mahmoud Ahmadinejad, La Repubblica also reported.

Continued here:
Italy police arrest four for smuggling arms to Iran, Libya - MaltaToday

ASHEVILLE, N.C. (WLOS)

At 18-months-old, Varghese Alexander, with his father leading the way, immigrated from Libya to the United States. It was 1983. Libya is now one of seven countries making up the list of Muslim-majority countries banned from sending immigrants to the United States for three months.

When Trump signed that executive order and banned so many countries in the Middle East, it hit home in a way that made me want to get out there on twitter and made me want to say things in a classroom that I typically dont," Alexander, a math teacher at Asheville School, said.

Alexander pulled the passport he had as a child when he came to the United States. The picture of him with huge brown eyes looking up at the camera is one that reminds him of the children now, the ones who may be coming with their parents to the United States, hoping for new lives only to be denied entry.

This is what's happening to my family, my friends of my family. If we were in 1983, we wouldnt have been allowed to come. I would have have been one of those kids that was stopped at the airport and sent back home.

Mohammad Iqbal, a senior at Asheville School, was born in Saudi Arabia but is a U.S. citizen. He and his good friend and fellow high school senior Umit Muradi are Muslim. Muradi was born in Queens, New York, and is a U.S. citizen, as well.

I have a couple of friends that are from areas such as Libya and Syria that have family members impacted by all this, Muradi said,

Iqbal plans to fly home for spring break and wonders if the country he was born in could be added to the list of banned countries.

Im kind of scared about that, Iqbal said. I dont think he (Trump) would because of the oil.

Despite what is happening, Muradi, who is on a scholarship at the school, said he's proud to be an American. He said his father works day and night as an Uber driver in New York to support his family.

Despite all that is going on, this is one of the greatest countries in the world," Muradi said. "The amount of opportunities given here makes it worth it."

Read more from the original source:
Muslim students, Asheville teacher from Libya react to ban - WLOS

The sinister possible reason why Trump's Muslim ban targeted seven particular countries Quartz US president Donald Trump sparked worldwide protests after signing an executive order that temporarily stops refugee admissions to the US for several months and blocks new visas for anyone from seven majority-Muslim countries: Iran, Iraq, Libya ... and more »

Read the original here:
The sinister possible reason why Trump's Muslim ban targeted seven particular countries - Quartz