Benghazi, January 18, 2026 – The parliamentary committee formed by a decision of the House of Representatives began its work today, Sunday. The committee is tasked with communicating with the Governor of the Central Bank of Libya, the Bank’s Board of Directors, and all relevant parties to investigate the causes of the monetary crisis facing the country, problems of liquidity shortage, exchange rate fluctuations, in addition to working to ensure the regular disbursement of state employee salaries.
The committee confirmed that its work comes within the framework of the House of Representatives’ keenness to address financial and monetary imbalances, which contributes to alleviating the economic burdens on citizens and achieving financial stability.
Benghazi
Benghazi is a major city in eastern Libya, historically significant as a center of trade and culture since its founding as the Greek colony of Euesperides. It played a pivotal role in Libya’s modern history, serving as a co-capital and a focal point during the 2011 revolution.
House of Representatives
The House of Representatives is the lower chamber of the United States Congress, established by the Constitution in 1789. It is composed of representatives elected from congressional districts, with representation based on state population.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 to issue currency and manage the country’s financial reserves. Its history has been deeply affected by the nation’s political conflicts, with rival administrations since 2014 both claiming control over the institution and its critical assets.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ruins of Leptis Magna, which testify to its significant historical legacy.
