Eastern Central Bank Governor Rejects Al-Siddiq Al-Kabir’s Accusations Against Bank

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On Tuesday, the Central Bank of Libya (CBL) Benghazi branch stated that the accusations by the Governor of the CBL, Al-Siddiq Al-Kabir that the Bank of Commerce & Development is financing terrorism and money laundering are “void and null unless evidence is provided.”

In a statement, the branch added that such accusations must be made by the money laundering unit of the CBL, “unless this is done, the deprivation of the Bank of Commerce & Development of foreign exchange operations, which is the mainstay of the economic movement and the source of liquidity and financing trade, will have dire consequences,” the CBL noted.

According to the statement, depriving the Bank of Commerce & Development of foreign exchange operations is “a type of discrimination, abuse of power, and a violation of the principle of justice and action in order to achieve one desire, which is the desire for loyalty instead of efficiency and productivity.”

The statement said that the Benghazi branch has found a clear and explicit infringement on one of the most important banks in the eastern region.