Libyan Audit Bureau slams CBL as careless towards economic reform

Libyan Audit Bureau

The Libyan Audit Bureau has criticized in a Wednesday statement the Central Bank of Libya (CBL), the Ministry of Finance and the Presidential Council over their “not serious” tackling of the country’s economic situation.

The Audit Bureau said it had sent more than one letter to the concerned authorities asking them to conduct measures that could heal the economy and alleviate the people’s suffering.

“Our recent letter to those authorities was a warning that if they failed in carrying out the needed reforms, then we would stop the letters of credit at the CBL that go to certain businesspeople.” The statement reads.

The Audit Bureau said last week that the CBL was favoring certain businessmen for the letters of credit to import goods to the country.

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