The discussion covered the approval of the Central Bank of Libya’s membership in the BIS and an overview of the procedures for unifying the CBL. The efforts made by the CBL to comply with AML/CTF measures were also discussed, on Thursday, 27th of June, 2024, involving H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, Mr. Maree Al-Barasi, the Deputy Governor, and their accompanying team, along with Mr. Agustín Carstens, the Executive Director of the BIS, and relevant department heads.
At the end of the meeting, the Executive Director expressed his satisfaction and welcomed the developments and efforts made by the CBL to maintain the financial sustainability of the Libyan state. He also appreciated the positive steps taken to unify the central bank and ensure stability in the financial and banking sector. As a result, he announced the approval of the CBL’s membership in the BIS, allowing the bank to benefit from the services and technical support provided to central banks.
He concluded his remarks by expressing gratitude to Mr. ElKaber, and the accompanying team, for accepting the invitation and attending the BIS’s annual meetings held in Basel, Switzerland from June 28 to 30.