Sarraj calls for unification of Central Bank of Libya

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Sarraj calls for unification of Central Bank of Libya

November 23, 2017 - 14:08
Written by: HousamNajjair

The Chairman of the Presidential Council, Fayez Sarraj, called on the Central Bank of Libya (CBL) in Tripoli and the parallel one in the east to convene an urgent meeting of the board of directors next week to take measures and decisions to unify the CBL.

In his statement, Sarraj called on Sadiq Al-Kabeer and Ali Al-Habri to set a monetary policy to deal with the exchange rate of the Libyan dinar as well as solving the current economic crisis, calling on them to raise the level of national responsibility and distance themselves from political crisis and end their personal differences.

Sarraj attributed the crisis and current economic inflation to the divide in sovereign institutions, including the Central Bank of Libya.

The parallel Central Bank of Libya in the east has accepted to take part in the meeting while there has been no confirmation from the Tripoli one.