The Central Bank of Libya stated exclusively to our source that numerous rumors and misleading reports are circulating, and it is very clear that their objective is to obstruct reform efforts and undermine those seeking to combat corruption.
The Bank added that the decline in oil prices had been anticipated by the Central Bank from the very beginning, which is why it remained committed to preserving the implementation of the unified public spending framework.
It further stated: “At the same time, we continue to pursue our plan to achieve financial stability, safeguard the state’s fiscal sustainability in both the medium and long term, and strengthen the value of the Libyan dinar. We affirm that the measures taken to sell foreign currency for all purposes and to curb the parallel market are steady steps moving toward success, and their results will become evident within a short period.”
