New Board of Directors of Libya’s Central Bank vows to assume office on Sunday

The member of the committee assigned by the Presidential Council to conduct the handover procedures of the management of the Central Bank of Libya (CBL), confirmed that the new Board of Directors received its full administrative duties and would begin its work from the CBL’s headquarters starting Sunday.

The member, Ali Ishtiwi, explained to Libya Al-Ahrar that the new governor of the Central Bank, Mohammed Al-Shukri, did not say he wouldn’t assume his position, but rather he had reservations about the circumstances of the handover. Ishtiwi added that Al-Shukri would start work from the CBL’s headquarters on Sunday.

This statement came after the Ministry of Interior of the Government of National Unity had announced that it was securing the headquarters of the Central Bank of Libya, following days of uncertainty in the wake of a disputed reshuffle of the CBL’s leadership.

This announcement came hours after a press conference on Sunday, when the Interior Minister, Emad Al-Trabelsi, said that there was no attack on the CBL and added that nothing could be done by force in the country.

He said that the decision to change the CBL’s leadership was issued by an official body and was an administrative order that would not fall within the Ministry’s jurisdiction, warning against involving security institutions in what he described as political conflicts.

The handover committee announced Friday the completion of coordination and vowed to carry out the handover procedures smoothly, but a statement issued by the CBL on Facebook and X platforms denied the completion of the handover process, stressing at the same time the CBL’s rejection of the assignment of a new governor and board of directors.

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