Tripoli:Governor of the Central Bank of Libya, Fawzi Abu Khuzam, has emphasized the importance of ongoing institutional coordination and collaborative efforts among various state institutions to address economic and financial challenges. His focus is on supporting monetary and economic stability within the country.
According to Libyan News Agency, Abu Khuzam stressed the necessity of supporting the stability of the Libyan dinar's exchange rate and addressing financial imbalances. He also emphasized the importance of strengthening discipline in managing public spending to achieve fiscal balance and consolidate economic stability.
Furthermore, Abu Khuzam highlighted the significance of developing banking services and expanding electronic payment options. This development aims to facilitate financial transactions, promote financial inclusion, and reduce dependence on cash. He underlined the need to support the stability of the banking sector to ensure regular provision of banking services, thereby enhancing confidence in the financial system and improving service efficiency for citizens.