H.E. Naji Mohammed Issa Governor of the Central Bank of Libya, held an extensive meeting at the Banking and Supervision Department in Tripoli, with the Chairmen of the Boards of Directors and General Managers of commercial banks on Monday, October 6, 2025,. The meeting was attended by the Directors of Compliance Departments, members of the Board of Directors of the Central Bank of Libya, and heads of relevant departments at the Central Bank, with the participation of Deputy Governor Mr. Maree Al-Barasi via video conference from Benghazi. The meeting came as part of ongoing efforts to follow up on the implementation of banking and supervisory plans for the upcoming phase.

The meeting discussed several key topics, including the regular provision of cash liquidity in accordance with the approved plan, ensuring that the Central Bank will meet all the needs of both banks and citizens, and the successful implementation of the currency withdrawal plan, which contributes to regulating cash circulation and maintaining monetary and financial stability.

Participants also discussed progress in electronic payment indicators to promote the use of modern financial technologies, in line with the Central Bank’s approach toward digital transformation and improving the quality of banking services.

During the meeting, the Governor emphasized the importance of adhering to compliance requirements in accordance with both local and international standards when opening letters of credit and applying anti-money laundering and counter-terrorism financing regulations. He reaffirmed that the Central Bank continues its efforts to ensure the soundness and stability of the banking system and to strengthen public confidence in it.

In conclusion, the Governor stressed the importance of maintaining coordination between the Central Bank and all operating banks to ensure the implementation of approved plans and the achievement of the desired goals for developing the Libyan banking sector.