The Governor of the Central Bank of Libya (CBL), Naji Issa, has reviewed with US Treasury Department officials the CBL’s plan for the upcoming months.
The meeting was attended by the US Assistant Secretary of the Treasury for Middle East and Africa, Eric Meyer, and Assistant for Strategic Policy and Anti-Money Laundering and Terrorist Financing, Scott Rembrandt, as well as the accompanying delegation.
The CBL said in statement that the plan included providing liquidity, developing electronic payments, strengthening the Libyan dinar, and managing the foreign exchange market.
The meeting, which was held at the US Treasury Department’s headquarters in Washington DC, addressed the efforts to develop a governance guide for the banking sector and enhance controls to combat money laundering and terrorist financing.
“The attendees also discussed the importance of starting a dialogue to develop a practical framework for a unified budget for 2025.” The statement reads.
According to the statement, Issa and the US officials discussed the CBL’s medium-term economic vision, ways to activate the role of economic, monetary, financial and trade policies, and moving the wheel of the economy and development.
He also discussed enhancing efforts to implement compliance requirements and combat money laundering and terrorist financing to ensure the safety of banking and financial transfers.
