The Tripoli based Libyan government responded to the statement by the U.S. on the Central Bank of Libya (CBL) crisis
The Tripoli government said the statement reflects ‘‘the commitment of the United States to support financial stability and enhance transparency in our financial institutions, which we consider a positive step towards the unification and reform of the Central Bank.
We understand the concern about the smear campaigns and lies targeting Libyan state institutions, and we agree that these fears will end once these campaigns are gone and we unite behind our national institutions.
We are fully aware of the growing need to audit financial transactions during the transition phases of monetary institutions, and we consider these protocol procedures necessary to ensure transparency and accountability.
We are pleased to announce that the new Board of Directors has assumed its duties smoothly and directly activating the various systems and the response that the new management has received with the international banking system, after nine years of absence of governance and individual work, which was a basic requirement for all concerned international organizations. This step represents an important development in the process of financial and administrative reform in Libya.
In terms of bringing greater consensus, the Presidential Council declared its commitment to move forward and open up to dialogue under the auspices of the UN Mission, while giving the two councils a last chance to achieve consensus after ten years of inaction, which has led to the strengthening of autocracy and the absence of transparency, and increased the risks associated with the implementation of policies that do not reflect the will of the Libyan state.
We affirm our commitment to respect Libya’s sovereignty and our continued confidence in the U.S. dollar and U.S. institutions, especially in light of the current challenges, tensions and struggle for influence in Africa.
We look forward to strengthening bilateral cooperation with the United States to achieve stability and sustainable growth in Libya.
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CBL Governor Saddek Elkaber sacked again | (libyaherald.com)
