Big-Picture Outlook
Despite continuing efforts to further develop Libya’s economic or political tracks, little real progress is being made. The Central Bank of Libya (CBL) is still pressing ahead with digitization efforts in order to increase dinar liquidity, while the national economy suffers from decreasing oil prices.
Further attempts to push forward the United Nations Support Mission in Libya’s (UNSMIL) political track have faltered due to an increasing political blame game. Conflicting diplomatic messaging from within the House of Representatives (HoR) could signal a potentially growing rift within the body.
Key Highlights
- Central Bank of Libya (CBL) Governor Naji Issa held a meeting with the heads of commercial banks, and announced the CBL will distribute 4 billion dinars to increase liquidity availability. Issa also announced that commercial banks must extend working hours and ensure that ATMs are consistently stocked to meet increased withdrawal demands.
- The High Council of State (HCS) released a statement, claiming that they have completed their tasks to help appoint the new board for the High National Election Commission (HNEC), and are waiting for the House of Representatives (HoR) to complete their required actions.
- House of Representatives (HoR) Speaker Agila Saleh finished his foreign trip to Greece by meeting with Greek Foreign Minister Giorgos Gerapetritis, where the two discussed bilateral relations.
- Second Deputy Speaker of the HoR, Misbah Douma, released a statement accusing Greece of interfering in Libyan affairs and defying Libyan sovereignty.
- Government of National Stability (GNS) Foreign Minister Hadi Huwaij summoned the Greek Consul in Benghazi, Athanasios Anastopoulos, and told him to restrain from making “provocative remarks”.
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Clients can use the link below to download the full report in PDF format, which expands on the stories mentioned and provides exclusive insights and reporting on the country’s major political and security issues.