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Libya..drawing the curtain on the central bank crisis

Libya..drawing the curtain on the central bank crisis

The House of Representatives approved the appointment of Naji Muhammad Issa Belkacem as the new governorCentral Bank of Libya Marei Raheel Al-Barasi was appointed as his deputy, according to what Reuters reported.

The two names were nominated during a meeting I organized United Nations Recently.

Belkacem previously held the position of Director of the Monetary and Banking Supervision Department at the Central Bank.

She was United Nations Support Mission in Libya It was announced, on Wednesday, that a settlement had been reached between the Libyan parties to address the management crisis of the Central Bank, which has been witnessing a power struggle for more than a month.

The mission stated in a statement: “At the conclusion of a new round of consultations to address the crisis of the Central Bank of Libya, a representative reached House of Representatives The Supreme Council of State reached a settlement regarding appointing a new leadership for the bank.

She explained that the two parties “initialized an agreement regarding the procedures, standards, and timetables for appointing a governor, his deputy, and a board of directors for the Central Bank of Libya.”

The agreement is scheduled to be signed Thursday in the presence of representatives of the international community.

The central bank crisis began after the establishment of… The Presidential Council of the State In the middle of last month, a decision was issued to relieve the former governor of the Al-Siddiq Al-Kabeer Bank from his duties, against the backdrop of objections and reservations about his management method.

As a result, the bank closed its doors after a number of its officials were threatened and one of them was kidnapped by an armed group.

And I refused United Nations The United States and Western countries described what they described as a “unilateral decision” by the Presidential Council to change the bank’s board of directors and appoint a temporary board of directors headed by Abdel Fattah Ghaffar, considering that it harms Libya’s financial reputation.

The authorities in eastern Libya also stopped oil production and exports in protest against the authorities in… Tripoli (West) by controlling the headquarters of the bank responsible for managing oil revenues.

The Libyan Central Bank supervises the management of oil revenues and the state budget and their distribution among different regions.

Suffer Libya Divisions since the fall of the regime Muammar Gaddafi In 2011, the affairs of the country are managed by two governments, the first in Tripoli, which is internationally recognized and whose term ended, headed by Abdul Hamid Al-Dabaiba, and the second in the east of the country, headed by Osama Hammad, and enjoys the support of Parliament.



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