Under the chairmanship of the Governor and in the presence of his Deputy and all members, the Board of Directors of the Central Bank of Libya (CBL) held their second official meeting of 2025 in the city of Sebha.
The CBL reported that the most important items discussed in the meeting were:
- The follow-up of the foreign exchange rate indicators
- Covering the demand for foreign exchange
- The level of oil revenues supplied to the bank
- Decision by the Board to urge banks to expand the spread of branches and banking agencies in the southern regions, maintain existing branches, expand the spread of electronic payment services and provide liquidity on an ongoing basis.
On the sidelines of the meeting, Governor Naji Issa and all members of the Board made an inspection tour inside the city of Sebha. This began with the Central Bank branch in Sebha, and then a field visit to find out the efforts of the branches of commercial banks and their compliance with the instructions of the CBL towards the plan to:
- Solve the crisis of cash scarcity
- The strengthening of electronic payment systems
- The readiness of commercial bank employees and security personnel of facilities in the southern region to serve citizens and organise the work of branches.
It will be recalled that in January the CBL held its first 2025 Board meeting in the eastern city of Derna.
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CBL Board holds first 2025 meeting in Tobruk. Visit Derna and meet Hafter – report and comment
