No Result
View All Result
Saturday, January 31, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

CBL Governor Saddek Elkaber promises to tell all in press conference

bySami Zaptia
April 14, 2017
Reading Time: 2 mins read
A A

By Sami Zaptia.

A rare sighting of Tripoli's CBL Governor in Tripoli at the Audit Bureau meeting (Photo: Audit Bureau).
Tripoli’s CBL Governor has promised to tell all in a press conference (Photo: Archives by Audit Bureau).

London,  14 April 2017:

In a press statement released last night, the Governor of the Tripoli-based Central Bank of Libya (CBL), Saddek Elkaber, accused all the previous six Libyan governments of lying to the public and choosing to use the CBL as a ‘‘scapegoat’’ rather than do their job and implement needed reforms to save the economy.

He blamed the state of Libya’s economic woes on the lack of security and political accord, adding that the CBL does not have the ‘‘magic wand’’ of devaluation, contrary to what the public has been led to believe.

Devaluation should be part of a ‘‘package’’ of reforms, he insisted, rather than the ”painkillers and soothing solutions, which are useless’’, that previous governments had implemented.

RELATED POSTS

Security plan within Tripoli has resulted in the resolution of several cases: Interior Minister Trabelsi

Aldabaiba holds meeting with Interior Minister Trabelsi and Undersecretary of Defence Zoubi to follow up on ‎‎security and military developments

He accused armed militias of attempting to coerce him into changing the CBL’s policies and accused ‘’corrupt money’’ of waging a negative media campaign against the CBL.

Kaber accused politicians of ‘‘honeyed promises’’ explaining that he has maintained his media silence by choice. ‘‘I did not master the art of selling and buying words. I am not a permanent guest on your screens. I did not tickle your emotions with honeyed promises that neither fattened nor satisfied your hunger’’.

‘‘I have committed to a painful silence when it was in the interest of the nation, and when the silence was in order to preserve civil peace, so that Libyan bloodsuckers do not exploit any of these statements, and they don’t trade in the citizens and worsen their lives’’.

Ending on an optimistic note, the Tripoli CBL Governor said ”I am confident that the intensified cooperation of the Central Bank and related parties, especially the Presidential Council, will enable us to overcome the crisis and deal with it radically – away from painkillers and soothing solutions, which are useless’’.

However, promising to reveal all in a press conference soon, he warned that what he had said in this statement was just the ‘‘tip of the iceberg’’.

Tags: CBL Governor Saddek ElkaberfeaturedLD exchage ratesecuritysubsidised fuel and goods

Related Posts

GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Tripoli government delegation visits Budapest – bilateral cooperation in the fields of energy, security, and defence discussed

January 31, 2026
Presidency Council objects to holding of south reconciliation event in Italy
Libya

Presidency Council Head commits to transparency, disclosure, oversight – cutting off system of bribery, brokerage, and unregulated spending

January 31, 2026
Mellitah Oil & Gas looking to charter three helos
Libya

10,000 tree-planting campaign launched at Mellitah Oil and Gas Industrial Complex

January 28, 2026
NOC announces force majeure at Zawia port
Libya

NOC Chairman confirms Libya’s ability to realise tangible production achievements in the sector despite challenges

January 25, 2026
PM Aldabaiba inaugurates LEES 2026: Agreements and MoUs signed with Total Energies, ConocoPhillips, Chevron and Egyptian government
Libya

PM Aldabaiba inaugurates LEES 2026: Agreements and MoUs signed with Total Energies, ConocoPhillips, Chevron and Egyptian government

January 25, 2026
War-time squatters to be evicted from Airport Rd apartments – for return to project owners Savings Bank for hand over to legal owners
Libya

War-time squatters to be evicted from Airport Rd apartments – for return to project owners Savings Bank for hand over to legal owners

January 22, 2026
Next Post

Over half million set applications record for 2017 Haj

LNA airforce hits Third Force positions outside Sebha

libyaherald-Ads

Top Stories

  • State Telecoms Holding Company, LPTIC, reveals increasing revenues for 2021-2023

    Libyan Telecoms Holding Co. signs MoU with US company KBR to develop infrastructure and 5G networks

    0 shares
    Share 0 Tweet 0
  • At LEES 2026 Massad Boulos says ‘‘I’m here today because Donald Trump sees the high value in the Libyan-American partnership’’

    0 shares
    Share 0 Tweet 0
  • One-million olive tree project in Tarhuna launched – first project in North Africa to grow olive trees using linear pivot irrigation systems

    0 shares
    Share 0 Tweet 0
  • PM Aldabaiba inaugurates LEES 2026: Agreements and MoUs signed with Total Energies, ConocoPhillips, Chevron and Egyptian government

    0 shares
    Share 0 Tweet 0
  • Libya holds further discussions with Boeing and US Chargé d’affaires on establishment of a new airline

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

MFZ conducts official visit to Barcelona and Valencia ports, as well as several institutions specializing in port and transport sector in Spain

The Libyan European Forum for Transport and Telecoms opened in Malta from 30-31 January

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.