The new Board of Directors of the Central Bank of Libya held a press conference to discuss the latest developments in the bank’s situation, after the formation of the new board, and what the coming days will look like.
The acting governor of the Central Bank of Libya, Abdel Fattah Ghaffar, pointed out in the press conference that “there are a number of important points that must be discussed to reassure international and local parties, and that the bank’s management works as an institution and not as individuals who make unilateral decisions.”
Ghaffar pointed out that “the Board of Directors respects the judiciary and will implement all rulings issued by the judiciary,” adding: “There will be a new central bank with a new concept.”
The person in charge of the Central Bank’s duties added: “We want to send a message to the outside world that the Bank of Libya now has a board of directors, made up of Libyan competencies, and is working through committees that will be formed in the coming days, all of which will serve written and drawn-up policies, namely institutional governance and good governance. There will also be transparent disclosure of data and information about the bank.”
Ghaffar confirmed that “there will be an extension for a specific period for trading in the fifty-dinar currency,” noting that work will be done to “provide liquidity in all banks and disburse salaries in a regular manner.”
Ghaffar also confirmed that “the best standards available in international banks will be achieved,” adding: “We have addressed the International Monetary Fund and the World Bank and confirmed to them our commitment to local and international legislation.”
The acting governor of the Central Bank of Libya, Abdel Fattah Ghaffar, stressed that “there will be no delay in disbursing salaries in the future, and we will work to disburse them within a day or two, and we are currently working to provide commercial banks with cash liquidity,” adding: “We ask merchants to help us supply currency to commercial banks.”
Last updated: August 27, 2024 – 18:54
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2024-08-28 04:08:33