Parallel Libyan Central Bank to print new banknotes in Russia to end cash shortage

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Parallel Libyan Central Bank to print new banknotes in Russia to end cash shortage

December 02, 2017 - 18:56
Written by: AbdulkaderAssad

The Governor of the Parallel Central Bank of Libya in Al-Bayda Ali Al-Hibri called for printing more banknotes in Russia in order to end the current cash shortage in Libya.

Al-Hibri told Reuters that he won’t meet with the Tripoli CBL’s governor, Al-Sidiq Al-Kabeer, but thinks that the Presidential Council could propose devaluating the Libyan dinar as well as a reforms plan to be studies by both CBLs.

“We can work with Al-Sirraj to end cash shortage and control inflation.” He added.