In an article published with The Banker on 1rst October, Saddek Elkaber, the governor of the Central Bank of Libya (CBL) illustrates the critical role of the CBL in complex environments such as Libya. For Elkaber, while the role of central banks as appropriate regulatory mechanism is questioned, there is in Libya a significant need for financial regulators like the CBL to preserve and maintain a functioning economy in Libya. The article provides an interesting analysis of Libya’s economic challenges and dysfunctional institutions.Click here to read the article.
The critical role of the Central Bank of Libya (CBL)