Sisi Reiterates Egypt’s Support to Libya’s Supreme Interest

Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
TT

Sisi Reiterates Egypt’s Support to Libya’s Supreme Interest

Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)
Sisi and Menfi meet in Cairo on Tuesday. (Egyptian presidency spokesman)

Egypt’s President Abdel Fattah al-Sisi reiterated Egypt’s full support for everything that would achieve Libya's supreme interest and the free will of its people, and preserve its sovereignty and territorial integrity.

Sisi received in Cairo head of the Libyan Presidential Council Mohammed al-Menfi for the second time in a month.

They discussed developments in Libya and ongoing preparations to hold presidential and parliamentary elections scheduled on Friday.

Menfi commended the vital role played by Egypt and its sincere efforts, led by Sisi, to restore security and stability in Libya and unify its state institutions, especially the military, in line with the work of the 5 + 5 committee, stated presidency spokesperson Bassam Rady.

The two parties agreed to intensify consultations and coordination to follow up on developments in the political process and procedures for managing the transitional phase, in a way that helps restore Libya’s stability and unify its institutions.

The meeting was attended by Egyptian Foreign Minister Sameh Shoukry and head of General Intelligence, Abbas Kamel, and Libya's permanent representative to the Arab League, Ambassador Abdel Muttalib Idris.



Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
TT

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.