The governor of the Central Bank of Libya (CBL), Naji Issa, discussed with US Treasury Department officials the CBL's plan for the coming months, which includes providing liquidity, developing electronic payments, strengthening the Libyan dinar, and managing the foreign exchange market.
The meeting, which was held at the US Treasury Department's headquarters in Washington DC, addressed the efforts to develop a governance guide for the banking sector and enhance controls to combat money laundering and terrorist financing, in addition to the importance of starting a dialogue to develop a practical framework for a unified budget for 2025.
Issa discussed the CBL's medium-term economic vision, ways to activate the role of economic, monetary, financial and trade policies, and moving the wheel of the economy and development. He also discussed enhancing efforts to implement compliance requirements and combat money laundering and terrorist financing to ensure the safety of banking and financial transfers.
The meeting was attended by the US Assistant Secretary of the Treasury for Middle East and Africa, Eric Meyer, and Assistant for Strategic Policy and Anti-Money Laundering and Terrorist Financing, Scott Rembrandt, as well as the accompanying delegation.
During his visit to Washington, Issa participated in the meeting of the African Group of Governors at the International Monetary Fund, in the presence of the Fund’s Executive Director, Kristalina Georgieva, and he presented his vision for the next stage, and the most important priorities and problems that he seeks to solve in the short term, especially cash liquidity, exchange rate stability, regulation of the foreign exchange market, and expansion of electronic payment services.