Security agencies in Benghazi have launched a campaign to address Libya’s liquidity crisis. The initiative requires funds circulating outside the official banking system to be deposited. This affects money held in parallel market (black market) exchange offices. These funds must be placed into their owners’ accounts at commercial banks.
In this context, General Commander of the Armed Forces, Field Marshal Khalifa Haftar, held a meeting. Attendees included Libyan Prime Minister Osama Hammad and Head of the Internal Security Agency Osama al-Darsi. Deputy Governor of the Central Bank of Libya, Marei Al-Barasi, was also present, along with Interior Ministry Undersecretary Faraj Qaim.
They discussed the liquidity and fuel crises. They also reviewed a set of proposed measures to resolve these issues. The group discussed coordination mechanisms to achieve financial and service stability. This aims to ensure citizens’ basic needs are met.
Libyan Prime Minister Osama Hammad issued a decision to form a special committee. The committee will address the cash liquidity crisis and regulate financial flows within banks. These efforts are part of a broader goal to protect financial stability and improve banking services.
The government clarified that this decision follows a meeting held Tuesday with Field Marshal Khalifa Haftar. It also stems from discussions at an expanded meeting with Deputy Governor Marei Al-Barasi at the Central Bank of Libya.
The decision establishes the committee under the chairmanship of Interior Ministry Undersecretary Major General Faraj Qaim. Its members will include representatives from the Internal Security Agency, the General Intelligence Service, and the Central Bank of Libya. The Financial Crimes and Money Laundering Unit, the Facilities and Installations Security Agency, and the Cabinet will also participate.