Central Bank is examining procedures for withdrawing old currency notes and ways to stabilize the exchange rate.
Pulbished on:
Tripoli, October 19, 2023 (LANA) - The committee formed to complete the procedures for unifying the Central Bank of Libya held its second meeting yesterday, Wednesday, headed by the Governor, “Al-Siddiq Al-Kabir,” and in the presence of his deputy, “Maraea Al-Baraasi.”
The bank said in a statement on its official Facebook page that the meeting, which was attended by department directors from the Central Bank of Tripoli and Benghazi, discussed a number of measures that support unification efforts and spending on one organizational structure and one director of the Banking and Monetary Control Department in order to enhance the unification project.
It was also agreed to study the withdrawing old currency notes, and to support bank balances with the Central Bank of Libya in Tripoli with a value of 9 billion dinars to expand its banking services such as selling foreign currencies, and to take measures that support the stability of the exchange rate and limit its rise in the parallel market.
=Lana=