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Home » US: Reunification of Libya’s central bank “step critical” to economic stability

US: Reunification of Libya’s central bank “step critical” to economic stability

Monday, August 21, 2023 Economy 1 Min Read
(Exclusive) US envoy pushes for Libyan presidential elections delay

The United States welcomed on Sunday the announcement of the reunification of the Central Bank of Libya (CBL), which it described as “a step critical to Libya‘s economic stability and development.”

“This show of unity sets an important example for reconciliation across all state institutions to build the groundwork toward elections,” said the U.S. Embassy via X (formerly known as Twitter).

“We encourage CBL leadership to follow today’s productive meeting with concrete measures toward full integration of financial and oversight systems, including by activating the CBL board, strengthening the AML/CFT regime, and addressing past counterfeit currency issuance and parallel spending.”

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