No Result
View All Result
Thursday, April 16, 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

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Former Director of NOC International Marketing Department sentenced to 10 years imprisonment and fined US$ 1.8 billion for fraud

April 14, 2026
CBL receives results from meetings with international banks
Libya

Breakthrough expected in LD-dollar FX market: Central Bank launches comprehensive cash sales plan and distributes US$ 1 billion to banks

April 14, 2026
Ahead of the questioning session, Aldabaiba says parliament has been a failure
Libya

Tripoli Prime Minister Aldabaiba welcomes the signing of the Unified Public Spending Agreement

April 13, 2026
Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Libya

Misrata Free Zone Port Customs Centre thwarts attempt to smuggle 4.5 million tablets of highly dangerous narcotics

April 13, 2026
Libya’s Western and Eastern administrations agree a unified budget
Business

Libya’s Western and Eastern administrations agree a unified budget

April 13, 2026
Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification
Libya

Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification

April 11, 2026
Next Post

Over half million set applications record for 2017 Haj

LNA airforce hits Third Force positions outside Sebha

Top Stories

  • Egyptian security inspection team tours Benghazi’s Benina airport

    Benina airport receives Dubai Civil Aviation Authority and Flydubai – in preparation of resumption of direct flights

    0 shares
    Share 0 Tweet 0
  • Libya’s Western and Eastern administrations agree a unified budget

    0 shares
    Share 0 Tweet 0
  • Austria’s Desert Greener explores localisation of its advanced water desalination technology with Municipality of Tripoli Centre

    0 shares
    Share 0 Tweet 0
  • Undersecretary of Defence Zoubi effuses about the forthcoming Flintlock military exercises in Sirte as a sign of progress in Libya’s unification

    0 shares
    Share 0 Tweet 0
  • MedSky CEO foretells the resumption of direct Tripoli-London flights as an imperative on several levels

    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

Libya France Business Forum 2026 – first leg opens in Marseille

South Korea to dispatch special envoy to Libya to seek alternative oil sources to blockaded Gulf supplies

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.