• February 16, 2026
  • libyawire
  • 0

Tripoli, February 15, 2026 – The Head of the Government of National Unity met on Sunday with the Governor of the Central Bank of Libya to discuss a number of priority economic and financial files. Foremost among these was the mechanism for opening documentary credits for the supply of essential goods, ensuring their availability in the local market and maintaining price stability.

During the meeting, the two sides discussed the issue of cash liquidity in commercial banks and mechanisms for providing it through monetary policies aimed at improving the level of banking services and alleviating the suffering of citizens. They also discussed measures taken by the bank to enhance discipline in the foreign exchange market.

The two sides agreed on the necessity of adhering to the signed financial agreement to ensure a halt to the deterioration of the national currency, thereby preventing negative repercussions on citizens’ purchasing power and price stability.

The meeting addressed the file of standard prices for food commodities and their role in regulating import operations, curbing inflation and speculation. It was emphasized that commodity prices should align with their import costs from the international market and added local costs. The two sides reviewed the regulatory and oversight mechanisms adopted by the Central Bank in implementing and monitoring credits, achieving transparency and directing foreign exchange to its designated purposes.

During the meeting, the Head of Government emphasized the importance of continuous coordination between the government and the Central Bank of Libya to ensure economic stability, support efforts to provide essential goods to citizens, and achieve balance in the local market.

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Tripoli

Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, which is reflected in its diverse architecture like the ancient Red Castle (Assaraya al-Hamra).

Government of National Unity

The Government of National Unity (GNU) is a term most notably associated with the post-apartheid transitional government of South Africa, formed in 1994 following the country’s first multiracial elections. Led by President Nelson Mandela, it was a coalition government that included the African National Congress, the National Party, and the Inkatha Freedom Party, aimed at fostering reconciliation and stability during the nation’s democratic transition.

Central Bank of Libya

The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 following the country’s independence. It has played a critical role in managing the nation’s finances and currency, though its operations have been significantly challenged and divided between rival administrations during the periods of conflict following the 2011 revolution.

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