The Governor of the Central Bank of Libya, appointed by the House of Representatives, Ali Al-Hibri, said today, Wednesday, in the press conference of the Central Bank\u2019s Board of Directors regarding the exchange rate adjustment, that the Central Bank is a semi-dead authority, 90% of which is stagnant and does not move despite fake appearances, and with this Central Bank is not fully operational and managed.<\/p>\n\n\n\n
Al-Hibri explained that changing the exchange rate would motivate the government to rationalize spending, activate monetary policy, and search for economic reforms that benefit public finances, because the central bank alone, through the exchange rate, cannot lead the country\u2019s economy, stressing that setting the exchange rate is the competence of the bank\u2019s board of directors. The central bank, and the executive authority in the bank represented by the Governor Seddiq Al-Kabeer, must respect this decision and implement it, which is a fair economic decision.<\/p>\n\n\n\n
Al-Hibri added that \u201ceveryone should work to activate the exchange rate in a fair manner, and resort to the judiciary which will be fair. Al-Kabeer bears full responsibility and all department managers in the Central Bank, and the unification of the management of the Central Bank is based on 3 necessary things, if agreed upon, the bank will be unified, which are the opening of the system, the clearing, and the freedom of the eastern region’s banks to move their balances.\u201d<\/p>\n\n\n\n
Al-Hibri also said: \u201cWe tried in the past to adjust the exchange rate and sent a note to Al-Kabeer. He replied to us on WhatsApp saying \u201cWe heard that you bought equipment to print the currency.\u201d His message was as if it\u2019s written by Adel Imam, and called for mockery, so I had to respond to him: \u201cInstead of discussing printing the currency, let them discuss topics of interest to the citizens.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Governor of the Central Bank of Libya, appointed by the House of Representatives, Ali Al-Hibri, said today, Wednesday, in the press conference of the Central Bank\u2019s Board of Directors regarding the exchange rate adjustment, that the Central Bank is a semi-dead authority, 90% of which is stagnant and does not move despite fake appearances, […]<\/p>\n","protected":false},"author":1,"featured_media":35634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9271],"tags":[10985],"class_list":["post-35633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank-of-libyaexchange-ratelibya"],"_links":{"self":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/35633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/comments?post=35633"}],"version-history":[{"count":0,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/posts\/35633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media\/35634"}],"wp:attachment":[{"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/media?parent=35633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/categories?post=35633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabadul.tv\/en\/wp-json\/wp\/v2\/tags?post=35633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}