Atwasat

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."

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