The Head of the liquidity crisis management committee at the Central Bank of Libya, Ramzi Al-Agha, told Al-Arabiya Net that the governor of the central bank, Al-Siddiq Al-Kabir, changed the operations of managing financial reserves and created a set of time deposits of about 4 years without any return – zero deposits – with the value of $8 billion deposited entirely in the Central Bank of Turkey.
Al-Agha pointed out that these deposits, according to the agreement signed between the Head of the Presidential Council, Fayez Al-Sarraj, and Turkish President Recep Erdogan, will remain in Turkish banks for a period of 4 years without any interest or costs for the stability of the Turkish lira and the protection of the Turkish economy.
Al-Agha added that the meeting of the Governor of the Central Bank, Al-Siddiq Al-Kabir on Monday with Turkish President Recep Tayyip Erdogan, is contrary to the protocols and norms among countries, as such meetings are supposed to include at least the Prime Minister of the GNA.
