The Central Bank of Libya exclusively told our source: “An agreement was reached between the Governor of the Central Bank of Libya and the Speaker of the Libyan House of Representatives in Benghazi to support the Central Bank’s efforts to achieve financial and monetary stability, in line with the bank’s plan to manage the overall economic situation.
The agreement includes starting the gradual cancellation of the tax on foreign currency sales in October, postponing consideration of the submitted budget that does not align with current economic indicators until conditions are suitable for approving a realistic budget that supports real economic growth, and moving forward in regulating the local market for goods and services in accordance with anti-money laundering and counter-terrorism financing controls.
It also includes settling past negative economic accumulations, completing the withdrawal of the 20-dinar note by the end of September, supporting the Central Bank’s plan to enhance electronic payment services and digital transformation, and strengthening the Libyan dinar’s value through the activation of exchange offices, tax cancellation, and improving oil revenues.”
