The Bank of Tunisia urges that entry for Libyans should be made easier and more flexible
Head of Tunisia's Central Bank urged his country's parliament to facilitate and ease entry of Libyans and aid in developing economic relations between the neighboring nations
During a meeting of the Tunisian Parliament’s Committee on Finance, Planning, and Development, the Governor of the Central Bank of Tunisia, Marwan Abbasi, advocated for serious treatment of the Libyan market, particularly in light of the recent economic movement with Tunisia.
“We must facilitate the entry of Libyans into Tunisia, prevent making them wait for hours, deal with them flexibly at clinics and make withdrawing their funds considerably easier to rebuild trust and confidence,” Abbasi said, according to Tunisian media.
He also urged the Governor of the Central Bank to be flexible in dealing with Tunisians living abroad who provide hard currency to the Tunisian government.
Last May, Abbasi said that he had reached an agreement with the Governor of the Libyan Central Bank, Sadiq Al-Kabeer, that funds will be released in the near future, allowing small and medium-sized Tunisian businesses to expand into Tunisian and Libyan economic space.
In statements to Tunisian Radio Mosaic, Abbasi stated that Libya had demanded the freezing of funds since 2011, in addition to funds reserved by the Audit Bureau for Libyan citizens because they were unaware of their Tunisian counterpart and exchange laws, and that a committee had been formed to aid in the ease of transfers and currency exchange between the two countries.
Abbasi stated that the Financial Analysis Agency was concerned about the freezing of cash for a period of five days. The file was then forwarded to the court and is currently under the supervision of the Tunisian judiciary.
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