Vol 67 No 17 |
- LIBYA
- CHINA
After a July visit to Beijing by governor Naji Mohamed Issa Belqasem the Tripoli-based Central Bank of Libya (CBL) is to join China's SWIFT competitor the Cross-Border Interbank Payment System (CIPS) and start using the yuan rather than the United States dollar to pay for Chinese goods and services...
The budget deal worth 190 billion Libyan dinars (US$30bn) was hailed by the central bank governor Naji Mohamed Issa Belqasem in Tripoli as proof that: ‘Libya is capable of bridging differences'...
Less than two months later Dubaiba's GNU and the Benghazi administration agreed to jointly nominate Naji Mohamed Issa Belqasem as the Central Bank governor (AC Vol 65 No 19 Tensions around farcical leadership battle)...