Emerging Markets Finance Headlines Libya

Libya’s Parliament, Central Bank discuss economic reforms amid cash crisis

Libya’s Speaker of Parliament Aguila Saleh met with Central Bank Governor Najee Issa and his deputy Marai al-Barassi in Benghazi on Wednesday, August 20, to discuss planned economic reforms and monetary policy.

The talks, attended by Deputy Speakers Fawzi al-Nuwairi and Misbah Douma, centered on tackling the country’s ongoing liquidity crisis and advancing electronic payment systems. Issa pledged that the cash shortage would be resolved by October 1, noting that the bank was working “actively and systematically” to expand digital transactions.

The Central Bank outlined several proposals to ease financial bottlenecks, which lawmakers welcomed and pledged to support.

Parliament spokesperson Abdullah Bliheg said the leadership emphasized the importance of unifying Libya’s divided institutions and sustaining joint efforts to boost reconstruction nationwide.

The discussions signal a coordinated attempt to stabilize the economy, strengthen public confidence, and modernize Libya’s fragile financial infrastructure.

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