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Central Bank Confirms Salary Payments for August Will Begin Tomorrow

Written by Amira Cherni on . Posted in News. No Comments on Central Bank Confirms Salary Payments for August Will Begin Tomorrow

The Board of Directors of the Central Bank of Libya, appointed by the Presidential Council, confirmed today (Saturday) that it will begin processing salary payments for August for all public sectors starting tomorrow (Sunday).

The new board clarified that all bank departments have resumed their regular operations and have reinstated all systems previously halted by the former administration. It added that the entire Libyan banking sector has returned to its normal operational pace.

Additionally, the new administration aims to develop the banking sector and enhance its performance to provide better services to citizens. The board expressed appreciation for the response from the international banking system and reaffirmed its commitment to governance systems, activating relevant committees, and adhering to the board’s role in decision-making according to applicable laws and regulations.

Abdul Ghaffar Urges Prompt Disbursement of August Salaries During Central Bank Inspection

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Central Bank of Libya’s interim governor, appointed by the Presidential Council, Abdul Fattah Abdul Ghaffar, inspected today, Wednesday, the resumption of work in the operations department of the Central Bank, after employees resumed their duties following the completion of the handover process.

Abdul Ghaffar urged the directors of departments and employees of the bank to continue working at a high pace, to complete transactions as quickly as possible, and to start implementing the disbursement of salaries for the current month of August, in addition to addressing the obstacles that were put in place by the previous administration.

Central Bank Confirms Inability to Disburse August Salaries and Open Letters of Credit

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The Central Bank of Libya confirmed in a statement that its building has been stormed for the second day, aiming to implement an illegal decision issued by the Presidential Council regarding the change in the bank’s management. This situation jeopardizes the bank, its assets, accounts, external relations, and reputation, in addition to disrupting its operations and preventing it from disbursing August salaries and opening letters of credit and personal transfers.

The Central Bank praised the people across Libya for standing united against these illegal practices and repelling this attack, which will negatively impact the overall situation in Libya politically, economically, socially, and financially.