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Governor: H.E. Dr. Saddek Omar El-Kaber
Deputy Governor: H.E. Mr. Ali Mohammed Elherbi
Libyan Banks Association
Country: Libya
Establishment Date: 01/01/1996
Headquarters Address: 59 Jakarta Str. - Tripoli - Libya
P.O. Box: 1544 Tripoli
Tel.: (+218)-21-3343745/3343746
Fax: (+218)-21-3336208
Membership in the UAB: Observer Member
Objectives & Functions
1. Issuing and regulating banknotes and coins in Libya.
2. Maintaining and stabilizing the Libyan currency internal and external.
3. Maintaining and managing the official reserves of gold and foreign exchange.
4. Regulating the quantity, quality and cost of credit to meet the requirements of economic growth and monetary stability.
5. Taking appropriate measures to deal with foreign or local economic and financial problems.
6. Acting as a banker to commercial banks.
7. Supervising Commercial banks to ensure the soundness of their Financial position and protection of the rights of depositors and shareholders.
8. Acting as a banker and fiscal agent to the state and public entities. Advising the state on the formulation and implementation of financial and economic policy.
9. Supervising foreign exchange.