London, 19 April 2021:
The Central Bank of Libya warned that it will impose penalties on Libyan commercial banks that do not adhere to the agreed plan to improve services to customers.
The announcement came after CBL Governor Saddek El-Kaber held a meeting today in his office with the departments of five commercial banks (Jumhuriya – Wehda – Sahara – National Commercial – North Africa).
The meeting was to follow-up on what had been previously agreed upon in a meeting with the general managers of banks.
The liquidity problem
The meeting followed-up on what has been implemented with regards to the liquidity problem with banks reporting that they have started opening all their branches to customers, raising the daily withdrawal ceiling, and providing liquidity on a regular basis.
Reassessment by UK financial sector will ensue after recent Libyan political progress: LBBC webinar
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Economy Minister and Central Bank Governor discuss coordination to improve the economy
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By Sami Zaptia.
Tripoli CBL Governor El-Kaber has been prevented from travelling abroad by Tripoli Interior Minister Bashagha (Photo: LANA east).
London, 11 December 2020:
A spat has broken out between, Saddek El-Kaber, the Governor of the Tripoli Central Bank of Libya (CBL) and Fathi Bashagha, the Interior Minister of the internationally recognized Libyan government in Tripoli.
The spat was ignited by Bashagha imposing a travel ban on El-Kaber. This came to light when a letter from El-Kaber to the Attorney General’s Office was leaked yesterday in which El-Kaber complains that he was prevented from travelling yesterday.
In response, the Interior Ministry yesterday published a strongly worded statement in which it stated, without mentioning El-Kaber by name, that no one was above the law.
By Sami Zaptia.
London, 10 December 2020:
The Governor of the Tripoli Central Bank of Libya (CBL), Saddek El-Kaber, has invited the split CBL Board of Directors to attend the first official reunified Board meeting on 17
th December. The meeting will be held virtually.
The call by El-Kaber came in a widely leaked letter directed from him to Board members.
It will be recalled that on Monday (7 December), the Tripoli CBL had reported that a ‘‘preliminary’’ meeting of all the Board members was held on that day. It had set out an informal agenda.
If the official meeting does take place, it would be the first meeting of the full Board since 2014 when Libya split politically.