The Governor of the Central Bank of Libya (CBL), Al Siddiq al Kabir, was received Friday at the Elysée in Paris by the French special envoy to Libya, Paul Soler, and by the French ambassador, Mustafa Maharaj.
The meeting discussed the latest developments in the unification of the Central Bank of Libya and efforts made to approve a unified budget for the year 2024 in collaboration with the Finance Committee of the Parliament and stakeholders, according to CBL.
The discussions also concerned the Libyan monetary authority’s plans for the “rationalization of spending in order to guarantee the financial stability and financial sustainability of the State”.
Furthermore, in the Paris meeting there was also talk of the “measures” that the Central Bank intends to undertake regarding the counterfeit dinars “of unknown origin” which would have been placed on the national market generating “effects on the parallel exchange rate”, i.e. the one not -official where dollars cost almost double.
Finally, the meeting “discussed France’s role in supporting the Central Bank of Libya’s efforts to address economic and financial problems.”