Libya: Currency diversion prompts scrutiny of banking practices

Allegations concerning the unauthorized appearance of local currency within the black market in Tripoli have been observed by the Central Bank of Libya’s media office. Circulating images, reportedly showing currency boxes within the Souq Al-Mushir area, have sparked widespread concern regarding possible breaches in the official distribution process.

Assurances were issued by the Central Bank that legal proceedings would be pursued without delay against any individuals whose involvement in the diversion of these funds is confirmed. A strong stance has been adopted, with strict punitive action promised for any proven misconduct relating to the handling or redirection of the funds in question.

It has been clarified that the currency shown in the images had originally been intended for authorized commercial banks, having been imported to address domestic cash demand. As a result of the incident, calls for enhanced oversight have been made, with closer monitoring of banking operations and cash distribution chains urged, in order to preserve transparency and prevent further violations.