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Home » A New Economic Chapter for Libya? Hammad, Saleh, and Central Bank Governor Meet in Benghazi

A New Economic Chapter for Libya? Hammad, Saleh, and Central Bank Governor Meet in Benghazi

Wednesday, August 20, 2025 National 2 Mins Read
A New Economic Chapter for Libya? Hammad, Saleh, and Central Bank Governor Meet in Benghazi

Benghazi – Prime Minister Osama Hammad and Speaker of the House of Representatives, Aguila Saleh, held an extensive meeting on Wednesday with the Governor of the Central Bank of Libya, Naji Issa, and his deputy, Mari Al-Barasi. The meeting, also attended by the Director of the Libyan Development and Reconstruction Fund, Belqasim Haftar, focused on a number of priority financial and economic files aimed at addressing the nation’s economic challenges.

The discussions centered on the implementation of key reforms proposed by the government. These included measures to improve the National Oil Corporation’s production, establish a transparent mechanism for providing fuel, particularly for power plants, and support small and medium-sized enterprises. The Central Bank Governor reviewed the bank’s efforts to stabilize the exchange rate and manage foreign currency sales. He also provided details on a new digital salary system, explaining its operational structure and technical precision designed to ensure timely and transparent salary distribution.

The meeting concluded with several agreements aimed at bolstering economic stability. Officials agreed to commence support for the maintenance projects of electric power stations to ensure the continuity of essential services. Furthermore, they consented to activate a precise system for tracking bank credits to combat the smuggling of essential goods and preserve foreign currency reserves. The parties also affirmed their commitment to maintaining the stability of the Libyan Dinar’s exchange rate as part of a broader effort to overcome economic challenges and achieve stability in the country.

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