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Abu Khuzam Stresses the Importance of Supporting Monetary Stability and Confidence in the Banking System.

Pulbished on:

Tripoli 3 November 2026 (Lana) Governor of the Central Bank of Libya, Fawzi Abu Khuzam, stressed the importance of continued institutional coordination and concerted efforts among the various state institutions, as well as addressing economic and financial challenges in a manner that supports monetary and economic stability in the country.

In a press statement, Abu Khuzam emphasized the need to support the stability of the Libyan dinar’s exchange rate, address financial imbalances, and strengthen discipline in public spending management, thereby contributing to achieving fiscal balance and consolidating economic stability.

 He also highlighted the importance of developing banking services and expanding electronic payment services to facilitate financial transactions, promote financial inclusion, and reduce reliance on cash.

He further stressed the need to support the stability of the banking sector and ensure the regular provision of banking services, thereby strengthening confidence in the financial system and improving the efficiency of the services provided to citizens.

=Lana=