The Central Bank of Libya, CBL, held Monday for the first time a full board meeting since 2014 after which the bank was split into two.
Unifying key institutions, including the CBL, and creating a single exchange rate across Libya have been key goals of a U.N.-led process aimed at resolving some of the economic problems obstructing a political solution to the conflict.
CBL said in a statement that it had held a preliminary meeting to discuss the reactivation of the board’s work including ensuring stability of prices, supporting the integrity of the banking system and adjusting the exchange rate.
In recent weeks the bank has also been involved in a public dispute with National Oil Corporation (NOC) over the payment of energy revenue.
Both have accused each other of inaccurately reporting oil revenues and NOC has said it will temporarily stop transfers of sales income to the bank’s account, holding them instead in the Libyan Foreign Bank.