Benghazi – The committee formed by House of Representatives Resolution No. (2) of 2026 held a meeting today, Monday. The meeting was conducted via video call. Masoud Suleiman Musa, Chairman of the National Oil Corporation (NOC), attended. Rabie Oraibi, Director General of International Marketing, was also present. Basem Al-Masri, Director of the NOC’s Finance Department, attended as well. The committee is tasked with investigating the cash crisis, liquidity shortage, and exchange rate issues. It also ensures the regular payment of state employee salaries.
During the meeting, participants discussed the financial challenges facing the country. They also reviewed ways for the NOC and relevant authorities to cooperate. This cooperation aims to ensure the stability of financial resources. It also seeks to provide the necessary liquidity to settle employee salary obligations. Mechanisms to support the exchange rate were explored. The committee further discussed ensuring the regular flow of oil revenues. Oil revenues are the primary source of the national economy.
Committee members emphasized the need for continued direct coordination. This coordination involves the Central Bank, the NOC, and other relevant bodies. It aims to monitor the implementation of proposed solutions. It will also urgently address monetary and financial problems. This approach ensures salary protection and economic stability in Libya. The committee will submit practical recommendations to the House of Representatives. These recommendations will ensure prompt implementation.