Member of the Supreme Council of State, Mohamed Al-Toumi, reported that there are two proposals to approve the new Central Bank Governor from the Council. The first is to hold a session headed by the oldest member and the youngest as rapporteur, and the second is to collect signatures.
Al-Toumi added in a statement to Al-Ahrar: The majority of members of the State Council are moving to approve the new governor; Noting that there are a number of members who have not yet disclosed their positions, he said.
For his part, member of the Supreme Council of State, Ali Al-Suwaih, confirmed that there is a general trend within the Council by a large number of members to approve what was agreed upon between the representatives of the two Councils, stressing that today’s session witnessed the presence of more than 85 members.
Al-Suwaih added, in a previous intervention with Al-Ahrar, that the members of the Council who approved the latest consensus will vote on it using a system of signatures and recommendations.
Al-Suwaih noted that the new governor will be the one who will propose the names of the Central Bank’s Board of Directors, calling on the next governor to choose the names in a technocratic manner and to be specialists in the field of banking to try to reform the country’s monetary policy, he said.
Last Thursday, two representatives of the House of Representatives and the State signed an agreement on the management of the Central Bank of Libya, nominating Naji Issa as governor of the bank and Marai Al-Barassi as his deputy, during consultations sponsored by the UN mission in Libya.
According to the mechanism stipulated in the agreement, “Issa and Al-Barassi” will be appointed to the positions as stipulated in Article 15 of the political agreement, within a week from the date of signing the agreement, and a decision to this effect shall be issued by the House of Representatives.
The agreement also stipulated that the governor, within a maximum period of two weeks from the date of assuming his duties, would select the members of the Board of Directors in consultation with the legislative authority, provided that they were appointed in accordance with the legislation in force, while the membership of the Undersecretary of the Ministry of Finance on the bank’s board of directors remained suspended.
According to the agreement, the governor and his deputy may not, in the absence of the Board of Directors, exercise any of the powers granted to the Board of Directors in accordance with Article 16 of the Banking Law of 2005, and cancel every decision issued regarding the management of the Central Bank of Libya that conflicts with the political agreement and what was included in the agreement to resolve the Central Bank crisis.
Source: Libya Al-Ahrar Channel
2024-10-01 20:40:27