Browsing: Business

Senior officials at the Central Bank of Libya (CBL) and the International Monetary Fund (IMF) held a virtual meeting on Wednesday to discuss the economic situation in Libya, according to a statement by the central bank.

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Libya’s Oil Minister Mohamed Aoun has launched an investigation against Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), over the latter’s refusal to hand over corporation leadership to Jadallah Al-Awkali, who was appointed by the oil ministry as the new NOC chairman last week.

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The Libyan Audit Bureau 2020 report said the Operations Department of the Tripoli-based Central Bank of Libya (CBL) retained during 2020 permissions to pay salaries, did not implement them, and did not take into account the hierarchy in their disbursement.
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Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met Sunday with work team formed by CBL’s departments to implement plan to unify the Bank, in Benghazi and Tripoli, according to the results of the International Financial Audit Review of the Bank, said CBL statement.
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