Ahmad 
Attia al-Fitouri, a faculty member at the University of Benghazi, called for activating the Banking Law No. 1 of 2005, as amended by Law No. 46 of 2012, stressing the importance of this to stabilize the Libyan economy.
He pointed to the need to activate this amended law No. 46 of 2012 to preserve the value of the Libyan dinar against major international currencies, ensure the provision of cash liquidity in commercial banks, and control the rate of inflation.
He explained that Article 14 of the same law limits the number of members of the Board of Directors to 9, including the Governor and his deputy, pointing out that Article 16 gives the Board of Directors alone all powers to achieve the objectives of the bank.
He pointed out that this article authorizes the Board of Directors to assign one or more technical committees to study the topics presented to it, including the Monetary Policy Committee.
Al-Fitouri reviewed the difference between Jordan and Libya in this context, noting that Jordan, despite the lack of large oil resources, enjoys economic stability thanks to respect for the law and the presence of competencies to take matters into account.
Al-Fitouri expressed his hope that the Libyan citizen will be able to live a better life if the laws are adhered to and regrets the current situation in the Libyan economy.
Libyan Doubts about the Mission of the New American Envoy