Tripoli, December 21, 2025 – The Governor of the Central Bank of Libya met today, Sunday, with the Ambassador of the European Union to Libya to review efforts aimed at achieving economic stability in Libya and supporting reforms to expand trade and investment between Europe and Libya, according to a post on the X platform.
The post stated: “I commended the Central Bank of Libya’s commitment to financial sustainability and comprehensive development across the country, and I reaffirmed the European Union’s steadfast support for the reform program championed by the Governor through targeted technical assistance and capacity-building initiatives.”
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, serving as a major port and cultural crossroads. Its historic core, the medina of Old Tripoli, contains significant architecture from these various periods.
Central Bank of Libya
The Central Bank of Libya is the country’s primary monetary authority, established in 1956 to issue currency and manage monetary policy. It has played a critical and often divisive role in Libya’s recent history, notably functioning as a unified financial institution during the post-2011 civil war period despite the country’s political fragmentation.
European Union
The European Union (EU) is a political and economic union of 27 European countries, founded after World War II to foster economic cooperation and prevent future conflict. It has evolved from the European Coal and Steel Community in 1951 into a major supranational entity with a single market, a common currency used by 20 members, and shared policies on various issues.
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.
Europe
Europe is a continent with a rich and complex history, shaped by ancient civilizations like Greece and Rome, the Middle Ages, the Renaissance, and periods of both conflict and cooperation, such as the World Wars and the subsequent formation of the European Union. It is home to an immense diversity of cultural sites, languages, and traditions, from the Acropolis in Athens to the historic centers of cities like Rome, Paris, and Prague.
X platform
X platform is a social media service founded in 2006, originally gaining popularity for its microblogging format that limited posts to 140 characters. It has played a significant role in global communication, news dissemination, and public discourse, though its ownership and policies have evolved significantly following its acquisition by Elon Musk in 2022.
