Banking expert Nuaman Al-Bouri wrote in an article:<\/p>\n\n\n\n
The conflicting statements and exchange of accusations on social media between the National Oil Corporation and the Central Bank of Libya over revenue figures amount to reckless conduct that affects Libyans\u2019 livelihoods and wealth.<\/p>\n\n\n\n
We are talking about two sovereign institutions: one sells the resource on which the country depends for its livelihood, while the other receives the proceeds and manages foreign currency. How, then, can the two sides fail to produce matching, documented accounts? Whom should we believe? And what figures are being used to make spending and exchange-rate decisions?<\/p>\n\n\n\n
If the discrepancies are accounting-related, where is the reconciliation and explanation? If funds have not been transferred, where are the documents and the investigation? And if the data are incorrect, who is responsible for publishing them?<\/p>\n\n\n\n
Where are the oversight bodies and supervising authorities? Are they waiting for the state\u2019s accounts to be managed through social media posts and responses, while citizens are left searching for the truth amid the accusations?<\/p>\n\n\n\n
What is needed is a public financial statement, an independent audit, and accountability that identifies responsibility by name and position.<\/p>\n\n\n\n
Anyone entrusted with managing the wealth of the Libyan people must take responsibility for every figure they publish and every dinar they manage. Sovereignty is a responsibility, not immunity from accountability.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Banking expert Nuaman Al-Bouri wrote in an article: The conflicting statements and exchange of accusations on social media between the National Oil Corporation and the Central Bank of Libya over revenue figures amount to reckless conduct that affects Libyans\u2019 livelihoods and wealth. We are talking about two sovereign institutions: one sells the resource on which […]<\/p>\n","protected":false},"author":13,"featured_media":258641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":1,"_asgm_disable_schema":false,"_asgm_disable_faq":false,"_asgm_disable_howto":false,"_asgm_disable_llms":false,"_asgm_llms_description":"","footnotes":""},"categories":[683],"tags":[613,690],"class_list":["post-258640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-articles","tag-libya","tag-revenues"],"acf":[],"yoast_head":"\n