No Result
View All Result
Saturday, December 13, 2025
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

ACA reveals 94,000 cases of state sector salary duplication in 2015
Libya

“Building Libyan National Capacities in the Fields of Combating Corruption and Money Laundering 2025–2027” agreement signed between ACA and UNSMIL at Anti-Corruption event

December 10, 2025
CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December

December 7, 2025
CBL receives results from meetings with international banks
Business

Latest CBL stats to November 2025 show significant growth in Libya’s electronic banking sector

December 6, 2025
Nine deaths and 16 injured in Tajura state-recognised militia clashes
Libya

Overnight Zawia clashes end with civilian injuries and unconfirmed deaths

December 5, 2025
Interior Ministry’s Diplomatic Missions Protection personnel receiving training in Ukraine
Libya

Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi

December 4, 2025
EU to end Operation Sophia and to launch new Mediterranean operation to monitor UN Libya arms embargo
Libya

EU concludes Rome consultations with Libyan institutions on new migration and border management programme

December 4, 2025
Next Post

Over half million set applications record for 2017 Haj

LNA airforce hits Third Force positions outside Sebha

libyaherald-Ads

Top Stories

  • NOC announces force majeure at Zawia port

    BP celebrates the reopening of its Tripoli office: NOC

    0 shares
    Share 0 Tweet 0
  • CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December

    0 shares
    Share 0 Tweet 0
  • Libyan banks cannot give loans without proper collateral and regulations that allow for recourse in case of default: Tadawul Tech Chairman Naaman Elbouri

    0 shares
    Share 0 Tweet 0
  • Housing and Construction Ministry discusses partnership with China’s CSCEC for infrastructure and housing projects

    0 shares
    Share 0 Tweet 0
  • Lack of control of state spending and the de facto existence of two governments in Libya negatively affects the CBL’s effectiveness: CBL Board Member

    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

Austria’s OMV prepares to lift force majeure and resume its exploration commitments in Libya

Ministry of Housing signs MoUs with Saudi’s Amiantit and its German subsidiary PWT for water and infrastructure projects

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.