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El-Kabeer meets with the expert team of the Security Council Libya Sanction Committee.

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Tripoli, May 7, 2024 (Lana) Governor of the Central Bank of Libya (CBL), Al-Siddiq El-Kabeer, followed up yesterday via video with the experts team of the UN Security Council Sanction Committee concerned with Libya, the funds of the Libyan Investment Authority (LIA) frozen by decisions of the Security Council Sanctions Committee.

The CBL stated today that the meeting, which was attended by Deputy Governor Marai Al-Barasi and a number of department directors at the bank, comes as part of a series of meetings held by the team prior to issuing its annual report on Libya and submitting it to the Security Council.

The bank added that the report addresses several topics, including the unification path and the challenges faced by the CBL in achieving financial stability, addressing the effects of counterfeit currency of unknown origin and quantity, the fee imposed on foreign exchange sales, and the bank’s efforts to enhance the disclosure and transparency program and follow up on the LIA’s funds frozen by resolutions of the Sanctions Committee.

=Lana=