On October 14, 2025, Governor of the Central Bank of Libya,  H.E. Naji Mohammed Issa, met in Washington, D.C., with Mr. Eric Meyer, U.S. Assistant Secretary of the Treasury for the Middle East and Africa, to discuss a range of issues of mutual interest.

The discussions focused on the latest developments in Libya’s financial and economic situation, as well as on the Central Bank’s initiatives following one year since the appointment of the Governor and the Board of Directors. The meeting also addressed ways to strengthen procedures for conducting foreign operations with the Federal Reserve, reduce corruption, and curb the smuggling of foreign currency out of Libya through letters of credit and the parallel market issues that are closely linked to the risks of money laundering and terrorist financing.

Furthermore, both parties discussed the necessary measures to begin supplying U.S. dollars in cash to the Central Bank of Libya, the Libyan banking sector, and exchange companies and offices on a regular basis, while ensuring that strict controls are in place to prevent misuse for illegal purposes.

For his part, Mr. Meyer commended the pivotal role played by the Central Bank of Libya amid numerous internal and external challenges, as well as the Bank’s achievements over the past year in maintaining financial stability, preserving the independence of the Central Bank, and safeguarding the Libyan currency. He also emphasized the importance of continued cooperation between the Central Bank of Libya, the U.S. Federal Reserve, and the U.S. Department of the Treasury in combating financial corruption, enforcing compliance standards, and holding violators accountable.