Yesterday, the Central Bank of Libya replied the Chairman of the Presidency Council Faiez Al Serraj after he accused the CBL governor Seddiq Al Kabeer of interference in the state’s economic and financial policies.

First of all, The Central Bank took the initiative in 2015 in calling for the reunification of the CBL board However, after auditing the accounts of the Tripoli as well as the eastern branch.

Furthermore, the CBL pointed out that it is committed to the UN Security Council resolution to audit both banks considering this process as the basis for any reunification.

Moreover, it stressed that it provided all the money requested by the Ministry of Health in support of its anti-Coronavirus efforts.

Also, the CBL said that it paid this year’s salaries for January, February and March after approving 2020 budget on 16 March, adding it called for the budget to be prepared in September 2019 and for it to be approved by the end of 2019 in accordance with the Libyan Political Agreement.

In addition, the Central Bank of Libya accused Libya’s Presidency Council for failing to solve the political crisis that led to the blockades of oil production and exports, the thing that negatively affected all Libya’s state institutions, adding that it is the main reason that lies behind the country’s financial and economic crisis, which aggravated the living conditions in the country.

As far as closing the clearance and transfer system with eastern banks is concerned, the CBL said that this precautionary measure was taken as the eastern CBL Governor was hacking some public accounts.

Commenting on the fact that the Central Bank of Libya stopped disbursing the sale of foreign currency, CBL affirmed that this was a necessary step because of the blockade of oil production and exports to guarantee that the country’s financial sustainability amidst an exaggerated demand for foreign currency for the purpose of speculation and profitability, adding  that it was on the verge of resuming foreign currency sales before Al Sarraj’s orders related to  amending the foreign currency sales surcharge.

Further, the CBL emphasized that during 2014, 2015 and 2016, the bank adopted a package of measures in order to face the stoppage of oil production, oil export as well as oil crises at the time which had helped in achieving financial sustainability for the country.

 In the end, the Central Bank of Libya called on all Libyan public institutions to unite and intensify their efforts in order to face the crisis.