Al-Sarraj: We have reached a dead end with the Central Bank, they suspended credit system without communicating with the government

Alwasat - Cairo Thu 09 Apr 2020, 03:28 PM
alwasat radio

The head of Libya's Presidential Council, Fayez Al-Sarraj, said on Wednesday that his government had reached a "dead end" with the central bank, listing the reasons that led him to reach this result.

Al-Sarraj said in a televised speech to mark the one-year anniversary of the start of the "war on Tripoli" that his government tried to avoid conflicts with the central bank, but matters reached a dead end due to budget crises, the credit system, and the payment of salaries.

Al-Sarraj pointed to the occurrences of disputes that reached "an end to the estrangement between the Central Bank and the Ministry of Finance during the preparation of the budget."

Al-Sarraj said that the central bank "suspended the credit system without communicating with the government," stressing that the delay in the payment of salaries has so far been "unjustified."

Related Topics