The head of the Audit Bureau, Khaled Shakshak, held talks with Central Bank Governor Naji Issa to address concerns about the performance of the country’s banking sector.
The meeting, which took place on Monday and included senior officials from both institutions, focused on ensuring the smooth flow of oil revenues into the Central Bank's accounts. Discussions emphasized the importance of meeting public spending requirements and fulfilling foreign exchange demands.
Both sides agreed to schedule a follow-up meeting with the chairman of the National Oil Corporation. The session will focus on projected oil revenues for 2025 and the mechanisms needed to ensure their timely transfer to the Central Bank.
The talks also covered the CBL's request to conduct audits of its banking operations. Officials discussed the scope and objectives of the proposed review, agreeing on the need to establish the necessary conditions for the process.
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