Libya’s Presidential Council and Central Bank agree to soon instate economic reforms

Key economic reforms announced by Libya’s central bank and Presidential Council (Photo: Social Media)

The Governor of the Central Bank of Libya (CBL) Al-Seddiq Al-Kabeer met in Tripoli on Wednesday with the Head of the Presidential Council Fayez Al-Sirraj and discussed the ways by which the package of economic reform will be implemented in Libya. 

The two officials agreed, according to Al-Sirraj’s media office, on carrying out the reforms soon in the coming period to help save the ailing economy in the country.

The CBL governor said the CBL is ready to implement the reforms and told Al-Sirraj they will do all it takes to alleviate the current suffering of the Libyan people.

The Libyan central bank, Presidential Council and other state institutions agreed in June this year in Tunisia on carrying out economic reforms to help Libya and the Libyan people.

The reforms include changing the official dinar exchange rates to fight the black market, end fuel subsidies and double the 500 dollars of the families’ allocations by the bank.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
You might also like

Submit a Correction

For: Libya’s Presidential Council and Central Bank agree to soon instate economic reforms

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.