The Central Bank of Libya exclusively told our source that during an urgent visit, the bank’s governor provided a briefing to the Speaker of the House of Representatives, Aguila Saleh, on the latest economic and financial developments in the country. The governor outlined key challenges hindering the CBL’s efforts to strengthen the Libyan dinar, citing rising dual public expenditures, inefficiency in spending, declining oil and sovereign revenues, and a lack of coordination between policies.
During the visit, the governor reaffirmed that the CBL is working professionally and with its full staff to address these challenges. He also stressed the need for coordination between fiscal, trade, and monetary policies, emphasizing the importance of a unified budget to facilitate the bank’s operations.
