The Central Bank of Libya (CBL) has rushed to deny the order circulated on social media that shows the Presidential Council warning of the use of the Russia-printed banknotes for the CBL in Al-Bayda, vowing to hold accountable all those who circulate the money.
This rebuttal of the CBL came after the order from Presidential Council to Al-Siddiq Al-Kabeer was circulated by activists and businesspersons, but 218News couldn’t verify its credibility, knowing that it said the money printed by Al-Bayda CBL was counterfeit.
If true, observers think Al-Sarraj contradicted himself as he sent a letter to the financial committee of the House of Representatives in 2016 giving the go-ahead to pront new banknotes in Russia; worth four billion dinars, as the first installment to be printed by the orders of Al-Hibri’s staffers.
Meanwhile, the founder of the Libyan stock market, Sulaiman Shohumi, commented on the circulated order on his Facebook page, saying the money cannot be banned from being circulated, stressing the need to unify the two administrations of the CBL, which hed said needs willingness not intentions or auditing that has been a failure so far.
The businessman, Husni Bey, said on his Facebook page that the order of the Presidential Council will do injustice to 50% of Libyans and that Al-Sarraj and his team are working on institutional division and prolongation of war.
According to sources speaking to 218News, the total amount of banknotes printed in Russia is worth 11 billion dinars, less than 10 billion dinars of which are being circulated.
