Al-Wefaq makes it easy for Turkey to dispose of the country’s money


Source: Dubai –

Commenting on directions from The Central Bank of Tripoli By converting Libyan deposits from European banks to Turkish banks, Ramzi Al-Agha, head of the liquidity crisis management committee at the Central Bank of Libya, said that the seriousness of these decisions comes by allowing the Turkish courts to freely dispose of these funds.

The Aga added that this means facilitating Turkey’s obtaining compensation of three billion dollars for contracts and projects signed during the Qaddafi rule with Ankara.

The official also revealed that Prime Minister Al-Wefaq Fayez al-Sarraj is seeking to conclude contracts with Turkish companies in various fields, in order to facilitate Ankaras access to Libyan funds at a time when the international community is constraining Turkey due to its blatant interference in Libya.

He emphasized that the first concern of the Turks is to seize Libyan funds.

In addition, it revealed that deposits of about $ 8 billion were transferred to Turkey.

Elements of the al-Wefaq factions in Sirte (archive - AFP)
Elements of the al-Wefaq factions in Sirte (archive – AFP)

The Aga statement came at a time when the meeting that the Libyan Central Bank Governor, the great friend last Monday, met with Turkish President Recep Tayyip Erdogan in Istanbul, many questions about his motives, especially that he came after a series of meetings the governor had with Turkish financial officials during his current visit to Turkey.

On the meeting, Al-Agha explained to that the meeting violated the protocols and norms between countries, as such meetings are supposed to include at least the head of the Libyan Al-Wefaq government, Fayez al-Sarraj.

He also considered that Erdogan is trying through this meeting to say that he can meet with any Libyan official alone, without the need for a protocol, or the presence of an official delegation.

He explained that this meeting is “strange and unrecognized, especially since Law No. 2 of 2001 on organizing political and consular work, indicates the need for communication between administrative and government units in the state in general with any external entity through the Ministry of Foreign Affairs, in accordance with the established diplomatic and consular rules It should, he added, “the governor who followed the legislative authority, the Libyan parliament, was supposed to attend the meeting with his head of state or government and in the presence of the Minister of Economy or Finance.”

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Libya deposits in the Bank of Turkey

To that, he stressed that a major shift occurred in the management of external operations in the Bank of Libya, especially with regard to transfers and financial deposits after the Turkish interventions, where the governor of the friendly big bank changed the operations of managing the financial reserves, and created a set of time deposits with a duration of about 4 years without any A return called zero deposits, whose value reached $ 8 billion, was deposited in its entirety into the Central Bank of Turkey, confirming that these deposits, according to the agreement signed between Al-Sarraj and Erdogan, will continue in Turkish banks for a period of 4 years, without any interest or costs for the stability of the Turkish lira, and protection Turkish economy.

Leaked documents ... millions from the Libyan Central to a Turkish company
Leaked documents … millions from the Libyan Central to a Turkish company

From Europe to Turkey

He also pointed out that there are instructions to direct all financial credits to Turkish banks, and to transfer Libyan funds and deposits that were present in European banks to Turkish banks, stressing that several operations in this framework have been recently.

A senior Turkish official had expressed his country’s readiness to start a rapid step in the reconstruction of Libya, after meeting the President of the Presidential Council, Fayez al-Sarraj, last week with a Turkish delegation, which included both Foreign Minister Mawloud Cawushoglu, Finance Minister Berat al-Bayraq, and Turkish Ambassador to Libya Sarhan Aksan, The head of the Turkish intelligence service, Hakan Fidan, and a number of senior officials of the presidency and the Turkish government, where the two parties discussed the return of Turkish companies to work in Libya, and follow up the implementation of the security and military memorandum of understanding.

According to Reuters news agency and Libyan media, the Turkish officials and the reconciliation government also discussed the payments due to Turkish companies for previous energy and construction work in Libya, and also discussed ways that Turkey can assist in exploration and energy operations, including cooperation in every project that can Envision it to help access resources to global markets.

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