Ready to assume the duties of the Central Bank Governor through legal means

by times news cr

Mohamed Al-Shokri confirmed his readiness to assume the duties of the Governor of the Central Bank of Libya if the House of Representatives and the State Council agree and in accordance with the applicable laws.

Al-Shukri added in a statement to “Ain Libya” that by agreeing to activate House of Representatives Resolution No. 3 of 2018, members of the Board of Directors will be proposed from national competencies that have the ability to adopt a flexible monetary policy that enables the achievement of monetary stability, which is the basis for creating stability and economic growth.

Al-Shukri noted that this policy aims to address all monetary distortions that affect citizens’ lives, including achieving stability in the general price level, curbing the deterioration in the value of the dinar against a basket of foreign currencies, addressing liquidity bottlenecks and pumping it into the arteries of the economy, and directing the banking sector to ensure its effective role in providing banking services that achieve financial inclusion and providing loans and facilities for economic activities to achieve a productive, diversified economy that is open to its surroundings and capable of providing decent living opportunities for future generations.

Al-Shukri concluded his statement by saying: “In these challenges facing our people, there are great opportunities to correct the course and move towards a better tomorrow that will spread throughout the country – God willing.”


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2024-09-25 01:07:28

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