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Home Business

Libya’s complex crises made the Central Bank work hard to ensure financial stability: CBL Governor El-Kaber

bySami Zaptia
November 10, 2022
Reading Time: 1 min read
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CBL fines Sahara and Gumhouria banks LD 100,000 each for financial irregularities

(Logo: Tripoli CBL).

The complex crises that Libya went through made the Central Bank of Libya (CBL) work hard to ensure financial stability and maintain the financial sustainability of the state, the Governor of the CBL, Saddek El-Kaber, said yesterday.

El-Kaber was speaking during a meeting yesterday held by the Libyan British Businessmen Council (LBBC), which was leading a business delegation to Tripoli between 8-9 November. The visit is the LBBC’s first visit to Libya after an absence of five years.

In his speech, El-Kaber referred to the CBL’s efforts in developing efforts to achieve the highest levels of transparency and disclosure, stimulating capabilities, qualifying human cadres, upgrading electronic payment methods, supporting practical steps to move the wheel of the economy, activating the role of the private sector, and launching development projects and project support.

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