Libyan PM, CBL Governor review financial services

Libyan PM, CBL Governor review financial services

July 07, 2021 - 21:07
Posted in:
Written By: AbdulkaderAssad

The Libyan Prime Minister Abdul-Hamid Dbeibah discussed Wednesday with the Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabir cooperation between the CBL and the Government of National Unity in distributing salaries on time and availability of liquidity at banks at all times.

Observers believe the meeting could have included discussions on breaking away from the House of Representatives' regulations regarding the budget and approving financial arrangements with the agreement of the Presidential Council: an idea not verified by any official sources.

The House of Representatives failed for the fifth time on Tuesday to pass the 2021 budget bill and this opened the door for speculation as to whether there would be an agreement between Dbeibah and Al-Kabir to resort to the financial arrangements without the endorsement of the House of Representatives.

Al-Kabir also met with the first deputy of the Prime Minister, Hussein Al-Gotrani, and reviewed the need of liquidity at all banks across Libya before Eid Al-Adha holiday, in addition to removing several restrictions on commercial and private banks in eastern Libya and adding to the limit of bank clearing transactions in the east.