Libyan official warns that Turkey will use Libyan assets to save its economy

Ramzi Al-Agha, head of the Liquidity Crisis Committee at the Central Bank of Libya in Benghazi, told Al-Arabiya Net-work: “These fears of losing Libya’s assets in Turkey came after the issuance of a report by the Central Bank’s Reserves Department, alerting to the risks the bank will face if it continues to hold with Libyan stocks and deposits in Turkish banks, and his continued investment in Turkish bonds due to the economic crisis that the Turkish state is going through.

He also explained that "the collapse of the Turkish currency and the erosion of the Turkish foreign exchange reserves and their decline by a third as a result of the decline in tourism and export revenues due to the Corona crisis and the foreign policy of President Recep Tayyip Erdogan, making the Turkish central incapable of paying the debts, and therefore unable to implement the instructions of the Libyan Central to dispose of its existing accounts." In Turkish banks, "pointing out:" The economic crisis may push him if it continues to use Libyan funds to deal with and waste them in pumping operations to stop the collapse of the Turkish lira.

In addition, he criticized the governor of the Libyan Central Bank in Tripoli, Al-Siddiq al-Kabir, for ignoring this report despite his arrival at his office, expecting that this would affect the Libyan economy if the Government of National Accord GNA continued to expand and transfer Libyan funds in foreign currency to Turkish banks and invest in Turkish bonds, especially in If exacerbates of the Turkish economic crisis.

T/S

ANHA