AGP Executive Report
Last update: 10 hours agoAfrican Monetary Institute Deadline: The AU’s African Monetary Institute is moving toward a September operationalization target, with the Association of African Central Banks reviewing how it will coordinate monetary and fiscal policy before any future currency-issuing role. Libya Banking & Payments: Libya’s Central Bank says electronic transactions hit about 865 billion Libyan dinars by end-September, alongside plans to improve cash and foreign-currency distribution and expand electronic payment options. Libya Trade Controls: Libya’s Economy Ministry issued export restrictions: a ban on agricultural exports (except dates), a halt on exporting locally produced food until the domestic market stabilizes, and a prohibition on re-exporting imported goods. Libya Compliance Push: The ministry also called on companies and traders to disclose activities and submit audited financial statements, aiming to curb hard-currency/letter-of-credit misuse. NOC Production Plans: In Benghazi, NOC chair Masoud Suleiman said Waha, North Jalo and Waha fields are expected to add 100,000 bpd with Total and ConocoPhillips, while new exploration blocks are set to start in early 2027. Libyan Education Dispute: Teachers’ protests over pay have escalated into an open-ended strike, with wider unions threatening to join unless talks address the cost-of-living squeeze.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
