Central Bank of Libya calls on state institutions to cooperate with presidential council.

Tripoli, 03.04.2016(Lana) Central Bank of Libya called on all state institutions to cooperate with the National Accord Government (NAG) and its presidential council to restore security and restart the wheel of the economy and restore oil and gas exports immediately. In a statement Sunday CBoL welcomed NAG's Presidential Council assuming its tasks from the capital Tripoli. The bank urged the government to make a fresh start for a new stage that ends the state of divisions and alleviate the sufferings of the Libyans. It also called for unifying sovereign state institutions and stop the hemorrhage of corruption and ration spending and collect sovereign revenues and provide legislative environment that encourages private enterprises and develop laws and ease bureaucracy. It underlined that Libya is undergoing difficult stage that requires decisive decisions and employing the voice of reason and pursuing the principle of dialogue as a solution to all disputes undergone by the country. The NAG 's Presidential Council convened Thursday a meeting with the Governor of the Central Bank of Libya, Al-Sadiq Al-Kabair with whom it discussed possible solutions to the cash crisis encountering commercial banks and opening of documentary credits for basic food staff and medicine. The meeting concluded according to the CBoL by emphasizing the need for constructive cooperation among state institutions to provide basic needs and address the crisis encountering the country at all levels. =Lana=