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Al-Kabeer and Al-Barasi: The Central Bank and the banking sector continue to perform their work normally.

Pulbished on:

Tripoli, August 20, 2024 (LANA) - A statement issued by the Governor of the Central Bank of Libya, "Al-Siddiq Al-Kabeer" and his deputy, "Marai Al-Barasi", today, Tuesday, said that the committee assigned by the Presidential Council to receive the Central Bank attended today, Tuesday, to the headquarters of the Central Bank of Libya in Tripoli, in implementation of the decisions of the Presidential Council and officially received this morning, regarding the appointment of the governor, his deputy and the Board of Directors of the Central Bank, despite holding several meetings between the Governor and the Chairman of the Presidential Council and a number of other parties, the last of which was yesterday for the purpose of calming down and clarifying the position of the Central Bank of Libya regarding those decisions and their issuance by an unauthorized party. 

The statement of "Al-Kabeer" and "Al-Barasi" explained that it was explained to the committee in the presence of a number of directors of the Central Bank's departments that the two decisions on which the assignment of the receiving committee was based are illegal and void because they were issued by someone who is not competent, as the Central Bank, according to its Law No. 1 of 2005 regarding banks and its amendments, is subject to the legislative authority, and the appointment of the governor, his deputy and his board of directors is done in accordance with the aforementioned law and the political agreement. The committee was also handed the two statements issued by both the House of Representatives and the High Council of State in particular, which confirm that the Presidential Council is not competent to make such changes.

 The statement continued that the meeting ended, and the committee left the headquarters of the Central Bank at 12 noon. Adding that we reassure our people in Libya, and all local and international parties, that the Central Bank and the banking sector continue to perform their work normally.