The Facilities Security Authority has stated that the Central Bank of Libya (CBL) did not adhere to its pledges made before the start of the month of Ramadan, which was to provide banks with the necessary liquidity during the holy month.

The Authority said that a meeting was held with the Director of the Banking and Monetary Supervision Department at the CBL and a group of directors of banks operating in the country, who pledged to provide liquidity to citizens before the start of the month of Ramadan.

Accordingly, several meetings were held with the Authority’s branches, to ensure their readiness to transfer and distribute liquidity with the required speed upon notification from the CBL.

As the first week of the holy month passed, we were surprised that these promises were not implemented, calling on the CBL administration to make more efforts to fulfill these promises and spare the citizen the effects of political conflicts, the Authority said.