Tripoli-based CBL denies links to extraordinary annual report issued by Benghazi-based administration

The administration of the Central Bank of Libya in Tripoli denied any connection with the extraordinary annual report published by the Central Bank of Libya in Benghazi in mid-May.

The Central Bank considered, in a statement published on Thursday, that the report issued by the branch in Benghazi is not an official document and does not express the opinion of the bank.

The Central Bank of Libya’s board of directors has been divided since 2014 due to the political conflict in the country, but recently witnessed a breakthrough in the steps to unify its branches, as the governor of the bank, Siddiq Al-Kabir, met with his deputy Ali Al-Hibri three times during the first half of this year under the auspices of the Financial Audit Company, Deloitte; to discuss the efforts of the Board of Directors unification process and to follow up on the audit reports that started in 2019.

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