The new administration of the Central Bank of Libya, assigned by the Presidential Council, issued an official statement confirming the return of the bank to full capacity after regaining control of all systems that it said had been disabled by the previous administration, according to its description.
The statement confirmed that the Central Bank of Libya had returned to its “normal” state, that all systems had been safely repaired, and that it had resumed operating at full capacity.
The statement said that the Central Bank of Libya stressed its commitment to political neutrality and maintaining an equal distance from all parties, and that its goal is to serve all of Libya and all of its citizens without bias.
The statement explained that the previous administration of the country had unjustifiably disrupted all banking systems, causing suffering to Libyan citizens who lost the ability to access their bank accounts, pensions, or food and medical imports.
The statement added that the newly appointed Governor, the current executive management team and the new Board of Directors have successfully and safely restored all aspects of the Central Bank’s operations, and have pledged to carry out their mission in strict adherence to sound governance, transparency and professional integrity.
The statement indicated that the Central Bank of Libya is fully committed to maintaining the highest standards of financial crime management, including combating money laundering, terrorist financing, bribery, corruption and fraud, in accordance with the recommendations of the Financial Action Task Force, Basel standards and all generally accepted common principles and practices.
The statement indicated the Central Bank of Libya’s commitment to continue improving the already strong risk management framework to ensure appropriate mitigation of inherent and residual risks.
The statement explained that the Central Bank of Libya will remain in close contact with all local and international counterparts, strongly enhance such relations and encourage multilateral cooperation.
Source: Official account of the Central Bank of Libya.
2024-09-04 09:13:33