UN-led economic dialogue track leads to unification of Libya’s exchange rate
On 14 December, Acting Head of UNSMIL Stephanie Williams convened a technical meeting of representatives of Libya’s main financial institutions in Geneva to discuss policy reforms and ‘establish a more durable and equitable economic arrangement.’ Following the talks, the Board of Directors of the Central Bank of Libya met for the first time in five years on 15 December and agreed to unify the country’s exchange rate, UN News reported on 16 December. The UN saluted this decision as a positive step towards the stabilization of the Libyan economy. For Acting UN Special Envoy Stephanie Williams, there currently is a momentum on the economic track on which Libyans and the international community must build up.
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