H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, participated in a high-level meeting of the African Consultative Group at (IMF) in Washington on Tuesday 16th of April , 2024 .The meeting was attended by the IMF’s Managing Director, Ms. Kristalina Georgieva, and central bank governors from across the African continent. During the meeting, they discussed frameworks for strengthening public finances and development in Africa, besides strategies to address the complex crises in the global economy and the African continent. The discussions also covered measures related to climate change, enhancing the regulatory framework for digital technology, and the role of the IMF in strengthening partnerships with African countries and supporting comprehensive reform measures.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with the Libyan American Businessmen Association (USLBA) in USA Washington, on Monday, 15th of April , 2024 in attendance of major American companies in the fields of oil, gas, financial transfers, electronic payments, telecommunications, health, and consulting. The purpose of the meeting was to discuss the available opportunities for American companies to operate in Libya they also urged the U.S. government to encourage American companies to work in Libya across various sectors, including energy, infrastructure, communications, health, education, services, oil, gas, and renewable energies. The pivotal role of the Central Bank of Libya and the banking sector in supporting this direction and providing the regulatory environment and infrastructure for banking, financial services, and electronic payments was emphasized.

H.E Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, met with the USAID team, in USA Washington, on Monday, 15th of April , 2024.The discussion covered the technical support programs provided to the Central Bank of Libya by the United States Agency for International Development (USAID) in various areas for the different departments of the unified central bank. It also addressed the developments in the economic situation and the challenges faced by the Central Bank of Libya in maintaining the financial sustainability of the Libyan state.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with (Atlantic Council) in USA Washington, on Monday, 15th of April 2024.The meeting addressed latest developments in the Libyan economic and political situation including the National Oil Corporation’s support to maintain and increase oil production rates. Additionally, there is coordination with the Financial Committee of the House of Representatives to approve a unified budget for the Libyan state. The Central Bank’s policies aim to address challenges and ensure the financial sustainability of the Libyan state and international geopolitical changes

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with members of the Economic Committee at the High Council of State. The meeting, attended by the Director of Research and Statistics at the Central Bank of Libya, focused on discussing the current economic situation, temporary measures regarding foreign currency sales, and the impact of counterfeit currency in the 50-dinar denomination on the economy besides, they reviewed the statement issued by the High Council of State regarding the imposition of fees and the letter addressed by the Governor to the Prime Minister.

On Monday, 1st,of April, 2024, the Individual Foreign Currency Booking Platform” (FCMS.CBL.GOV.LY) experienced a Distributed Denial of Service (DDoS) cyber attack.
This attack impacted the system’s accessibility, However, the Central Bank of Libya’s team successfully mitigated the attack by blocking access to any network address registered outside the Libyan territory
Since the attack was thwarted, the platform has been operating normally.
On Monday alone, more than 17,900 booking transactions were completed, totaling $68 million in U.S. dollars Additionally, 17,200 booking transactions were successfully processed on Tuesday, 2nd of April, 2024, amounting to $65 million in U.S. dollars.
In the same context, the official website of the Central Bank of Libya is currently facing a similar type of attack Our team is actively countering this threat and working to address any potential future breaches

The Central Bank of Libya (CBL) published today, April 8^th, 2024, the Revenue and Expenditure Statement.

The statement covers the period from 1^st Jan to 31^st Mar 2024, and provides the details of all sectors.

For more details, please visit our official website: click here In the case of any questions, please don’t hesitate to contact our communication unit at: [email protected]

On 27th of March 2024 H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with members of the High Council of State from Derna.The meeting focused on the latest developments in the reconstruction and rehabilitation of Derna and the surrounding affected areas. They also addressed enhancing coordination among relevant entities to contribute to the completion of ongoing projects in the best possible manner, aiming to alleviate the suffering of the city’s residents.

On 26th of March 2024 H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with two members of the Presidential Council, Mr. Abdullah Al-Lafi and Mr. Musa Al-Koni. The meeting was held to review the financial and economic conditions, endorse the unified budget for the year 2024, and discuss strategies to combat the circulation of counterfeit currency. Additionally, they examined measures to control and reduce the exchange rate in the parallel market by imposing a temporary fee on foreign currency sales, along with lifting certain restrictions, which is expected to positively reflect on the general price level.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with Mr. Michael Ohnmacht, Ambassador of the Federal Republic of Germany to Libya,on Sunday,24th of March 2024. During the meeting, several issues were discussed, including the role of the Central Bank of Libya in maintaining financial sustainability and supporting efforts to enhance disclosure and transparency through data and circulars issued by the Central Bank. Other topics covered the unification of the central bank and updates on the unified budget for the year 2024 through the Financial Committee. Additionally, the possibility of training opportunities and capacity-building for the Central Bank staff in collaboration with the German Central Bank was explored.

Enhancing the relationship between the CBL and Banque de France, and the efforts made by the Central Bank of Libya in developing the banking sector, besides the progress achieved in financial technology initiatives and the results of unifying the Central Bank of Libya. Further, strengthening the compliance system with AML-CFT requirements. In addition to the importance of encouraging the private sector; are the key topics discussed during the meeting between H.E Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and officials from the Bank of France (Banque de France)in Paris, on Friday, 8th of March 2024.

The available opportunities for French companies to work in Libya, the importance of encouraging the private sector in order to diversify the income sources, supporting the National Oil Corporation (NOC) and the General Electricity Company, opening up to renewable energies, and developing the health sector, water, and sanitation sectors, were the main topics discussed during the meeting between H.E Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and the MEDEF International in attandance of Mr. Philippe Gautier, the Executive Director of the organization, and Mr. Mustafa Mihraje, the French Ambassador to Libya, along with several French companies, institutions, and ministries. The meeting took place at the MEDEF International organization in Paris, on Friday, 8th of March 2024.