The new board of the Central Bank of Libya (CBL), which is assigned by the Presidential Council, has issued an official statement confirming the return of the bank to full capacity after regaining control of all systems that it said had been disabled by the previous administration.
It’s “business as usual” now, the board said, adding that all systems had been safely repaired, stressing its commitment to political neutrality and maintaining an equal distance from all parties, adding that its goal is to serve all of Libya and all of its citizens without bias.
The statement explained that the previous administration had unjustly disabled all banking systems, causing suffering to Libyan citizens who lost the ability to access their bank accounts, pensions, or food and medical imports.
It added that the newly appointed governor, the current executive management team, and the new board of directors had succeeded in restoring all aspects of the Central Bank’s operations successfully and safely, and pledged to carry out their mission in strict adherence to sound governance, transparency, and professional integrity.
It indicated that the Central Bank of Libya is fully committed to maintaining the highest standards of financial crime management, including combating money laundering, terrorist financing, bribery, corruption and fraud in accordance with the recommendations of the Financial Action Task Force, Basel standards and all generally accepted common principles and practices.
