The Head of the High Council of State, Mohammed Takala, called on the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, to take quick measures to stop the circulation of the counterfeit 50 dinars banknotes, expedite their withdrawal in accordance with the law, and explain the resulting steps and arrangements to the public.

This came in a letter addressed to Al-Kabir on March 17, when Takala referred to the letter of the Governor of the Central Bank addressed to the members of the Finance Committee in the House of Representatives, which indicated that there were three prints of fifty dinars in circulation in the Libyan market, one of which is of unknown origin, and is currently subject to investigation procedures from the Office of the Attorney General.

He also pointed to the Governor's letter to the Speaker of the House of Representatives, in which he confirmed the existence of parallel spending from an unknown source, and his request to impose a fee on the official foreign currency exchange rate by 27%.

Takala stressed that “the High Council of State is committed to supporting all efforts to preserve the resources and capabilities of the Libyan state, as long as those efforts are in accordance with the correct laws," calling for an urgent end to these dangerous violations, which have caused severe damage to the national economy by taking the necessary procedures and measures to stop the parallel spending, and reveal the identity of those responsible for it.

He stressed the need to follow up on the measures taken by the Attorney General's Office regarding the counterfeit banknotes on a regular basis, and to open an independent administrative investigation into this serious security breach, as well as to seek the assistance of the regulatory agencies operating in the state.

Takala requested that the High Council of State be provided with “a clear and transparent report on the history of the counterfeit incident, the emergence of the parallel spending crisis, its causes, its repercussions, and the quickest and most appropriate ways to overcome this debacle, including a practical proposal to end the current economic crisis.