The Presidential Council unanimously announced its decision to change the Governor of the Central Bank of Libya and form a new Board of Directors.
The council said in its statement issued on Sunday that the decision came within the framework of assuming national responsibility to preserve the country’s resources and prevent them from being exposed to any harm.
The Presidential Council reassured that this step aims to ensure the stability of the financial and economic situation in the country and within the framework of enhancing governance and institutional stability in Libya, stressing its commitment to cooperation with all international partners.
The Presidency also stressed that these changes come to enhance the Central Bank’s ability to carry out its duties efficiently and effectively, ensuring the continuity of providing financial services and achieving economic stability.
The Presidential Council had issued a decision appointing Mohamed Al-Shokri as Governor of the Central Bank of Libya in its Decision No. 19 of 2024 until an agreement is reached on naming a governor in accordance with the political understandings reached by the Libyan-Libyan dialogue under the auspices of the United Nations and the concerned countries.
The Presidency of the House of Representatives had previously issued a decision to suspend the decision to appoint Mohamed Al-Shokri as Governor of the Central Bank of Libya.
The presidency approved, in a circular to all sovereign institutions, the continuation of the council’s decision to appoint Al-Siddiq Al-Kabeer as governor of the Central Bank and Marai Al-Barasi as his deputy.
The presidency attributed the suspension in its decision to the expiry of the period of Al-Shukri’s assignment to his duties without him starting his work as governor of the bank.
Source: Presidential Council + House of Representatives “Decisions”
2024-08-21 17:33:42