It is working with Deloitte, the international accounting firm, to complete an audit of the central bank accounts and those of the parallel bank in Al Beyda. The immediate political transition from the Serraj to the incoming Dbeibah government has been stabilised financially by the central bank. Oil revenues must be released and the Libyan Foreign Bank board reinstated so that Libya’s financial system can return to operating normally. I will ensure the central bank will support this by providing the necessary technical expertise and back up. The central bank will continue collaborating closely with the World Bank, IMF, FATF and international organisations to maintain stability and safeguard Libya’s position in the global economy.

Source: Libya Today February 18, 2021 10:52 UTC