The Central Bank of Libya confirmed that “the data it published regarding public revenue and expenditure is to enhance the process of disclosure and transparency, and full compliance with all regulating legislation through the data and figures included from the financial books.”
The bank explained that it has sufficient resources to extinguish the public debt, but the previous administration did not disclose this, and that all accounts, including tax fees and reserves, are still as they are in the records and no action has been taken regarding them, considering that these procedures require approval from the competent authorities.
The Central Bank of Libya warned, “that its current administration has not implemented any accounting restrictions regarding tax fees or transferring any balances or other such procedures, and calls on the supervisory authorities to review the records and systems to verify this at any time.”
The bank renewed its “call to all media outlets to show a sense of responsibility, not to publish misleading news and jump over facts, and to verify accurate information from its primary source, and through the bank’s approved platforms, so that we can keep this monetary institution away from any political conflicts, so that it can be an umbrella that brings together all Libyans and works professionally in accordance with the Banking Law and its amendments.”
Last updated: September 18, 2024 – 19:20
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2024-09-19 00:09:34