On Sunday, the National Oil Corporation of Libya announced the transfer of $7 billion and 622 million to the Central Bank of Libya over the past five months.

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The Corporation revealed that these oil revenues were transferred through 11 transfers during the period from January to May, according to a list of transfers published by the Corporation on its Facebook page.

The institution transferred $1 billion on January 28, $500 million on February 11, $1 billion on February 20, $500 million on March 4, $500 million on March 14, $500 million on March 28, and $500 on March 31.

The institution also transferred $1 billion on April 24, $1.172 billion on May 15, then $750 million on May 29, and $200 million on May 30.

#Central_Bank_of_Libya #Libya_News #National_Oil_Corporation_of_Libya #Oil_News #Oil_Revenues #Remittances

The Central Bank of Egypt announced today a significant increase in remittances from Egyptians working abroad during last June, as they rose by 65.9% to reach about $2.6 billion, compared to about $1.5 billion in June 2023.

Remittances witnessed a significant improvement after implementing the reform measures announced on March 6, 2024, as remittances in February 2024 were estimated at about $1.3 billion, reflecting the positive impact of these measures.

The Central Bank also showed a significant increase in remittances during the period from April to June 2024, as they recorded an increase of 61.4% to reach about $7.5 billion, compared to about $4.6 billion in the same period of the previous year.
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#Central_Bank_of_Egypt #Egypt #Egypt_s_Economy #Egyptian_government_reforms #Remittances_from_Egyptians_working_abroad