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CBL discusses with the Bank for International Settlements the development of banking services.

Pulbished on:

Basel, June 28, 2024 (LANA) - The Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” and his deputy, “Marea Raheel,” and the team accompanying them yesterday, Thursday, discussed with a number of departments of the Bank for International Settlements at the bank’s headquarters in the Swiss city of Basel, the development in banking services and asset and reserve management. .

The bank's media office stated, that the meeting discussed the development of investment tools and fields, the bank's role in maintaining the financial sustainability of the Libyan state, the efforts of the Banking and Monetary Control Department to comply with international standards issued by the Basel Committee on Banking Supervision, and its vision for developing a strategy for financial inclusion and financial technology.

It is noteworthy that the International Bank for Settlements is considered the bank of central banks and was established in 1930, and more than 67 countries currently contribute to it.

=Lana=