Interim CBL board denies halt of banking transactions with foreign banks

The Central Bank of Libya (CBL) denied the news circulating on some social media platforms about foreign banks stopping dealing with it.

It explained in a statement on its Facebook page that this news is misleading and baseless, and aims to harm the country’s economy, stressing the importance of verifying information from its official sources, and paying attention to fake news that aims to speculate on the value of the Libyan dinar, and to involve the livelihood of Libyans in the political conflict and suspicious agendas.

The CBL confirmed the continuation of close communication with all correspondent banks abroad, and that the mutual procedures between them are proceeding normally, as well as according to the agreed upon work.

The CBL added that all its departments were working normally, and began implementing their plan to restore work after it was suspended by the previous administration. It indicated that it had succeeded in activating and securing all electronic systems in the bank after they were disabled, and disbursing the salaries of August for all state sectors throughout Libya, and activating the letters of credit system, and preparing the personal items’ system for work.

The CBL pointed out that it would intensify its efforts during the coming week to restore the value of the Libyan dinar after it was weakened by the previous administration through illegal procedures.

It explained that its relationship with foreign banks and institutions is an institutional relationship governed by official agreements and international norms that are not affected at all by individuals, reassuring everyone that the bank’s employees continue day and night with complete professionalism to protect the banking sector away from political conflicts.

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