In a statement to “Ahmed Sanussi” on “Flousna” TV Show on Al-Wasat Channel and Tabadul Platform, the GNA’s Finance Minister Faraj Boumtari claimed that Libya’s Central Bank did not respond to the repeated demands of the Ministry of Finance to open direct transfers to small traders.

The minister clarified that there are laws that emphasize the necessity of the merchants’ commitment to supply through the official banking channels , pointing out that the absence of response was repeated because the demands were against the law.

Boumtari announced that he is surprised that the presidential Council issued a resolution to extend the period of imports not only without consulting the Ministries of Finance and Economy, but also without a documentary credit, which is illegal.

He also added that transfers’ issue is very dangerous, confirming that direct transfers are the main reasons that lead to the increase of corruption and its spread in the country.