The Head of the Presidential Council, Mohammed Menfi, called on the House of Representatives (HoR) to return to the political agreement and choose a governor for the Central Bank in a public and transparent legal session in consultation with the High Council of State (HCS).
Menfi confirmed in a statement that the recent decisions of the Presidential Council regarding the appointment of a new governor and board of directors for the Central Bank of Libya are valid. Menfi said that the unilateral decisions of some parties, their intransigence, their rejection of compromise solutions, and their imposing an unjust tax on the people caused great popular resentment.
He reiterated the concern of the UN mission due to the ambiguity of the description of Presidential Council’s decisions and the overlapping of competencies, stressing that the Presidential Council as a whole achieved the decision of the parliament to choose a governor who enjoys integrity and competence.
Menfi also called for preserving the reputation of institutions from allegations of storming and seizure, describing what happened as a legal process by a ministerial committee under the supervision of the Minister of Interior.
Al-Manfi added that the priority now is to maintain the independence of the Central Bank, reduce inflation, and provide liquidity, saying that the era of one individual controlling the financial institution and the resulting moodiness has passed. He explained that the decision to form a board of directors for the Central Bank came as a result of the concerned institutions relinquishing their responsibilities in implementation of the legislation related to governance and transparency.
He said that he was betting on the national responsibility of the leadership of the military institution to prevent closing Libyan oil production and exports. Manfi explained that the Presidential Council was able to take the necessary security and economic measures that preserved the stability of the capital from an imminent armed conflict, pointing to the council’s commitment to holding fair elections to enable the Libyan people to determine their fate and renew the legitimacy of their institutions within a maximum period of February 17, 2025.
He said that national responsibility required everyone to resolve differences, no matter how severe, internally through unconditional dialogue based on sovereignty and rejecting external dictates.
