The Bureau of Near Eastern Affairs at the U.S. State Department has announced that U.S. and international banks have begun to reevaluate their relationships with the Central Bank of Libya, leading to a temporary halt in financial transactions with the institution.
This decision stems from recent unilateral actions that have raised questions about the bank’s legitimate governance, prompting banks to pause their dealings until further clarity is achieved.
The Bureau emphasized the urgency for Libyan stakeholders to take immediate steps to maintain the bank’s credibility and ensure its continued effective participation in the international financial system. It also expressed concern that further disruptions with international correspondent banks could worsen Libya’s economic situation and negatively impact the well-being of Libyan families.
Additionally, the Bureau reiterated a call from the United Nations Security Council for Libyan parties to collaborate with the UN mission to find a political solution that restores competent leadership to the bank and ensures the stability of Libya’s economy.
