Tripoli: The parliamentary committee investigating the cash crisis convened a meeting with the National Oil Corporation (NOC) to address the ongoing financial challenges in Libya. The meeting, held via video conference, included key figures such as Masoud Suleiman, Chairman of the NOC, Rabie Oraibi, Director General of International Marketing, and Basem Al-Masri, Director of Finance at the NOC.
According to Libyan News Agency, the committee, formed by the House of Representatives, aims to investigate the causes of the monetary crisis, including the liquidity shortage and the exchange rate, and ensure the regular payment of state employee salaries. During the meeting, discussions were centered on enhancing cooperation between the NOC and relevant authorities to stabilize financial resources and provide the necessary liquidity for salary obligations.
The committee also examined mechanisms to support the exchange rate and ensure the regular flow of oil revenues, which are crucial for the national economy. Emphasizing the importance of direct coordination with the Central Bank and other relevant bodies, the committee aims to urgently address monetary and financial problems. These efforts are crucial to securing salaries and stabilizing Libya’s economic situation, with the committee set to submit practical recommendations to the House of Representatives for prompt implementation.