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Exclusive: Central Bank and National Oil Corporation Agree to Regular Revenue Transfers and Cancellation of Barter Agreements

Exclusive sources revealed to our source that a meeting took place today between the Central Bank of Libya, the National Oil Corporation, and the Audit Bureau. The agreement reached during the meeting stipulates that revenues will be transferred regularly to the Central Bank, enabling it to support the strength of the Libyan dinar.

According to the source, the meeting also resulted in the decision to cancel the barter agreements, referencing the previous agreement made with the Public Prosecutor’s Office, and to restore matters to their normal course.

The meeting followed another session held at the Audit Bureau between the Governor of the Central Bank of Libya and the Head of the Audit Bureau.

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