Libya's Customs Authority adjusts Customs Dollar Rate to align with Central Bank exchange rate

Libya's central bank governor participates in IMF Spring Meetings, discusses economic reforms and financial stability

Naji Issa, Governor of the Central Bank of Libya CBL, attended the IMF Spring Meetings in Washington D.C. from April 13 to 18, 2026. During the meetings, Governor Issa met with the US Assistant Secretary of the Treasury for the Middle East and Africa to discuss Libya's financial and economic situation, CBL's economic reform initiatives, and mechanisms for foreign transactions with the US Federal Reserve. Key topics included curbing corruption, foreign currency smuggling, money laundering, and terrorist financing, as well as the CBL's plan for distributing US dollars through commercial banks. Governor Issa also chaired a meeting with the US Libyan Business Association, emphasizing CBL's support for American companies returning to Libya and promoting a transparent investment environment. He met with Visa officials to advance financial inclusion and electronic payment services, and participated in a meeting of finance ministers and central bank governors from the Middle East, North Africa, and Pakistan group with the IMF Managing Director. Discussions with JPMorgan focused on international economic and geopolitical developments, enhancing financial stability, and diversifying foreign exchange reserves. Furthermore, Governor Issa discussed strengthening technical and legal cooperation with the IMF, particularly regarding legislative frameworks for combating money laundering and terrorist financing, updating the Banking Law, and regulating electronic payment companies.