February 21, 2020. 21:01
Ramzi Ragap Abha, the head of Central Bank of Libya
Liquidity Crisis Committee, announced that the Government of National Accord
transferred 4 billion USD in cash as bank deposit to the Central Bank of
Turkey.
According to the London-based Al-Arab, the head of
Central Bank of Libya Liquidity Crisis Committee, Ramzi Ragap Agha, stated that
Libya's GNA transferred 4 billion USD to Turentral Bank.
The investment would guarantee Turkey’s
support in terms of military aid, medical treatment of wounded soldiers, the
return of rights of Turkish companies granted under Qaddafi, according to Agha.
Agha also
stated that this transfer would have a positive impact on the Turkish lira that
has been deteriorated vis-à-vis the USD.
According to
Mohamed Rabie al-Dehey, a Turkey specialist, the Government of National Accord’s
transfer was not the first time. In fact, GNA had transferred 2.5 billion
USD at the end of 2018, and 5.2 billion USD at the beginning of 2020. Al-Dehey
stated that these transfers were made in return for the support of Recep Tayyip
Erdoğan, the President of Turkey and the head of the AKP.