A report by the French intelligence website “Africa Intelligence” revealed that the Central Bank of Libya is facing difficult times as a report on money laundering approaches.

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The report indicated that the level of corruption in Libya remains worrying, and that the authorities’ management of cash is still not transparent.

According to the report, the opinion of the Financial Action Task Force is crucial to the Central Bank of Libya.

Al-Siddiq Al-Kabir, the governor of the bank, is counting on Libya being allowed to join the FATF alongside countries such as Palestine, Syria, Yemen and Sudan. However, Libya is currently excluded from the FATF assessment due to the current political and security situation.

The report noted that Libya had hoped for seven years to change this situation and join the Mutual Evaluation Group.
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The conflict continues between the head of the outgoing “National Unity” government, Abdul Hamid Al- Dbeibeh, and the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, which further complicates the economic situation in Libya.

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Al- Dbeibeh sent a letter to Al-Kabir, demanding that procedures be submitted to implement the ruling of the South Tripoli Court of Appeal to stop the decision to impose a tax on the foreign exchange rate.
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The former director of the Libyan Investment Authority, Mohsen Dreija, commented on the recent meeting between Counselor Aguila Saleh and the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir.

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In an interview with the “Libya Al-Hurra” channel, which broadcasts from Turkey, Derija confirmed that this meeting was not the first between the two parties, and that the discussions had been open for some time.

Dreija pointed out that replacing Deputy Governor Al-Hibri was part of previous agreements between them and said that this meeting came as a result of previous agreements, and that although Parliament did not agree to exclude governments from imposing fees, cooperation between the concerned parties has become greater than in the past.
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