In a correspondence sent to the Chairman of Presidential Council Faiez Al Serraj, the Central Bank of Libya proposed a draft resolution on 2020 financial arrangements.

The Central Bank of Libya pointed out that the rest of the steps agreed upon during the meeting held at the bank’s headquarters on May, 3 2020 should be completed in order to face the current crisis.

It should be reminded that the meeting was held in the presence of the spokesman for the House of Representatives (HoR) in Tripoli Hamouda Sayala, the President of the High Council of State Khaled Al-Mishri, the Governor of the Central Bank of Libya Sadiq Al-Kabir , Tripoli-based Audit Bureau chief Khaled Shakshak, as well as the commander of the operations room, Major General Osama Al-Juwaili.

Through the correspondence, the bank clarified that the rest of the agreed-upon steps include, initially, a consultation so as to raise the value of the fee imposed on foreign exchange sales, in accordance with the mechanism provided for in the second article of the GNA Presidential Council’s resolution No. 300 of 2018 on imposing fees on foreign exchange sale in addition to the processing of subsidies file.