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Takala discusses with Qadirbuh the repercussions of the counterfeit currency seizure and stresses the need for firmness in protecting financial stability.

Pulbished on:

Tripoli, October 14, 2025 (LANA) – Head of the High Council of State, Mohamed Takala, discussed today, Tuesday, with the head of the Administrative Control Authority, Abdullah Qadirbuh, the contents of the recent statement issued by the Central Bank of Libya regarding the seizure of counterfeit currency, and the negative repercussions of this serious financial breach.

The Council stated on its official page that the meeting discussed the legal measures to be taken against entities or individuals involved in currency counterfeiting operations, and ways to enhance coordination between regulatory and financial authorities to ensure the protection of the national economy and maintain confidence in the banking system.

During the meeting, Takala stressed the need to deal firmly with this issue, given its direct impact on the country's financial and economic stability. He emphasized the importance of activating oversight tools and intensifying efforts to detect any similar attempts in the future early.

For his part, Qadirbuh provided a detailed explanation during the meeting of the measures taken immediately after the statement was issued, and the proposed measures to enhance cooperation with the Central Bank of Libya and relevant security institutions.

It is worth noting that this meeting comes within the framework of its ongoing monitoring of developments in the financial landscape, and the Supreme Council of State's commitment to supporting state institutions in confronting any practices that could harm citizens' interests or disrupt the national economy.

...(LANA)...