CBL says oil production closure will exacerbate people’s suffering

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CBL says oil production closure will exacerbate people’s suffering

August 30, 2017 - 13:12
Written by: HousamNajjair

The Central Bank of Libya (CBL) has warned that the continued closure of oil production lines will cause a negative impact on the financial situation of the state and increase the suffering of citizens.

The CBL said in a statement Tuesday that the continuation of the closure will force them to implement more strict policies on spending, adding that the government, legislative and executive institutions should share their responsibilities on this problem.