Benghazi – The parliamentary committee formed by a decision of the House of Representatives began its work on Sunday. The committee is chaired by the Second Deputy Speaker of the Council, and its members are present.

The committee’s mandate is to communicate with the Governor of the Central Bank of Libya, the Bank’s Board of Directors, and all relevant parties to investigate the causes of the monetary crisis facing the country, problems of liquidity shortage, exchange rate fluctuations, in addition to working to ensure the regular disbursement of state employee salaries.

The committee confirmed that its work comes within the framework of the House of Representatives’ keenness to address financial and monetary imbalances, which contributes to alleviating the economic burdens on citizens and achieving financial stability.

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Benghazi

Benghazi is a major city in eastern Libya, historically serving as a key economic and cultural center. It played a prominent role in Libya’s 2011 revolution and has ancient roots, having been founded as the Greek colony of Euesperides in the 6th century BC. Today, it remains a vital port city, though it has faced significant damage and conflict in recent decades.

House of Representatives

The House of Representatives is the lower chamber of the United States Congress, established by the Constitution in 1789. It is composed of representatives elected from congressional districts based on state population, with its primary powers including originating revenue bills and impeaching federal officials.

Central Bank of Libya

The Central Bank of Libya is the country’s primary monetary authority, originally established in 1956 as the National Bank of Libya. It was later renamed in 1963 and has played a critical, though often contested, role in managing state finances and currency through Libya’s monarchy, the Gaddafi era, and the post-2011 conflict period.