Libya’s east and west-based central banks welcome Al-Sirraj-requested UN assessment commission

July 12, 2018

The governor of the Central Bank of Libya (CBL) in Tripoli Al-Siddiq Al-Kabeer welcomed in a statement on Tuesday the decision taken by the Head of the Presidential Council, Fayez Al-Sirraj, to form a commission under the UN auspices to revise and assess the revenue and expenditure of the Tripoli and Al-Bayda CBL administrations.

“We have been calling for this since 2015. We hail this call by Al-Sirraj as we believe that the CBL’s transactions should be transparent and up for accountability.” Al-Kabeer said in the statement.

Meanwhile, the parallel CBL in Al-Bayda also hailed the decision saying the commission should be supervised by a unified committee by the CBL headed by Mohamed Al-Shoukri and under the supervision of the House of Representatives.

“The commission should be internationally recognized and should have a deadline for its work with a final report to be given to the public through media outlets.” Al-Bayda CBL said, adding that such a step is hailed as it establishes transparency despite the fact that the CBL in Al-Bayda received nothing from the oil revenue and provided no letters of credit.

Al-Sirraj called on Tuesday on the UN Security Council to form a commission and send it to Libya to review the CBL transactions in Tripoli and Al-Bayda.

This comes after allegations said by Khalifa Haftar and his loyalists that Tripoli’s CBL is funding terrorist groups including Ibrahim Jodran’s forces who attacked the oil crescent region in last June.