The US State Department’s Bureau of Near Eastern Affairs called on Libyan actors to take steps to preserve the credibility of the Central Bank of Libya and find a solution that does not harm its reputation and engagement with the international financial system.
The uncertainty caused by unilateral actions has, in some cases, led to the suspension of financial transactions until there is more clarity on the legitimate leadership of the central bank, the foreign ministry said in a statement.
The unilateral actions also led US and international banks to re-evaluate their relationships with the central bank.
The US State Department expressed its concern about the disturbances with international banks, which could harm the Libyan economy and the well-being of Libyan families.
The Foreign Ministry renewed its call for Libyan actors to work urgently together and with the UN mission to find a political solution that restores competent and credible leadership to the Central Bank of Libya.
The Foreign Ministry considered that resolving the crisis ensures transparency and accountability for the assets of the Central Bank of Libya and enables the Central Bank of Libya to fulfill its mandate to support the livelihoods of all Libyans.
The President of the Presidential Council, as the Supreme Commander of the Army, issued a decision to appoint Mohamed El-Shokry as Governor of the Central Bank and to form a new Board of Directors, based on the decision of the House of Representatives in 2018 to appoint El-Shokry and end the term of El-Siddiq El-Kabir.
Source: US State Department Bureau of Near Eastern Affairs
2024-09-03 20:25:31