The new Board of Directors of the Central Bank of Libya, appointed by the Presidential Council, denied the news circulating about foreign banks stopping dealing with it, describing it as “misleading and baseless,” stressing that its goal is to harm the country’s economy.
The Council confirmed in an official statement issued today that communication with all accredited correspondent banks abroad is ongoing, and that mutual procedures are proceeding normally in accordance with the agreed-upon work.
The Council also indicated that the bank’s departments are operating normally and have begun implementing their plan to restore work after it was halted by the previous administration. The bank’s electronic systems have been reactivated and secured, and August salaries have been paid to all state sectors in Libya after the previous administration refused to do so.
On another level, the Council announced the activation of the documentary credit system and the preparation of the personal items system for work, indicating that it will intensify its efforts during the coming week to restore the value of the Libyan dinar after it was weakened by the previous administration “through procedures that violate the law.”
The Council stressed that the relationship with foreign banks and institutions is an institutional relationship governed by official agreements and international norms and is not affected by individuals, stressing that the bank’s employees continue to work with complete professionalism to protect the banking sector.
The Council called on citizens to verify information from official sources, and to pay attention to “fake news” that aims to speculate on the value of the Libyan dinar and “involve the livelihood of Libyans in political conflict and suspicious agendas.”
An article in the British magazine “The Economist” said that banks refused to deal with the Central Bank of Libya until it reached a decision on who runs it, based on the advice of the US Treasury Department.
The article saw that Libya is witnessing dangerous transformations that could lead to its isolation from the global financial system, threatening Tripoli’s ability to purchase basic goods, including food, which it imports in large quantities.
Source: Official page of the Central Bank of Libya
2024-09-09 12:04:27