TRIPOLI: The Board of Directors of the Central Bank of Libya (CBL) has adopted a short-term strategic plan aimed at developing and regulating the country's monetary policy. During its first meeting, the board laid out initiatives designed to improve the bank's operations and enhance its role in regulating monetary policy, exchange rate policy, and effective regulatory methods.According to Libyan News Agency, the strategic plan is set within a 90-day time frame and aims to activate the Monetary Policy Committee's role within the bank. The CBL emphasized that this plan is part of ongoing efforts to strengthen trust in the Libyan banking sector by adhering to principles of disclosure and transparency.The meeting, which was attended by the governor, his deputy, and all board members, addressed several critical issues facing the nation and resulted in the adoption of this strategic approach.