The Central Bank of Libya issued a clarification statement regarding the news and media coverage regarding the latest news about the bank.
The bank assured all concerned parties that the Central Bank of Libya had returned to its “normal” state, that all systems had been safely repaired, and that its operations had resumed at full capacity.
The statement indicated that the Central Bank of Libya as an institution and all its employees always strive to maintain political neutrality and maintain an equal distance from all parties, as the very existence of the institution is for the purpose of serving the State of Libya as a whole and all its citizens without bias and regardless of geographical location, political affiliation or personal bias.
The Bank also strongly affirmed its commitment to fulfilling all past, present and future obligations in accordance with generally accepted and recognized banking laws, standards and practices.
The Central Bank statement added: “After the previous administration left the country and all banking systems were unjustly disrupted, leaving millions of Libyan citizens without the ability to access their bank accounts, pensions, or food and medical imports, especially the loss of the ability to manage Libyan assets and reserves, which are vital arteries for the Libyan people and the country, and in line with its commitments to preserve the national interest and the continuity of the lives of Libyan citizens, the Presidential Council issued a decree appointing an interim governor for the Central Bank of Libya to ensure continuity of service.”
The statement noted the success of the newly appointed governor, the current executive management team and the new board of directors in successfully and safely restoring all aspects of the operations of the Central Bank of Libya, and stressed their commitment to carrying out their mission in strict adherence to sound governance, transparency and professional integrity.
The Central Bank of Libya stressed its full commitment to maintaining the highest standards of financial crime management including anti-money laundering, combating the financing of terrorism, bribery, corruption and fraud in accordance with the Financial Action Task Force recommendations, Basel standards and all common generally accepted principles and practices. In addition, the Central Bank of Libya pledges to continue improving the already robust risk management framework (liquidity, credit, operational, etc.) to ensure adequate mitigation of inherent and residual risks.
The Central Bank noted that it will remain in close contact with all local and international counterparts, strongly promote such relations and encourage multilateral cooperation.
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2024-09-02 11:29:28