The Central Bank of Libya's administration, which was appointed by the Presidential Council, announced the suspension of the implementation of the decision of the Speaker of the House of Representatives (HoR), Aqila Saleh, No. 15 of 2024, regarding the imposition of a tax on the official exchange rate of foreign currency, as of October 01.
The administration said in a statement on Monday - just when the HoR and High Council of State (HCS) agreed to name Naji Issa as new governor and Marie Al-Barasi as his deputy - that this decision came in compliance with the judicial rulings issued regarding the suspension of the implementation of the decision of the HoR Speaker and in support of the principles of justice and law.
In mid-March, the Central Bank of Libya imposed a tax on foreign currency sales at a rate of 27% at the current rate, with the exception of government and sovereign agencies, in implementation of Saleh's decision. However, the courts of southern Tripoli, Misrata and Benghazi all issued rulings to suspend the implementation of the decision.
Earlier on Monday, members of the HoR voted, by a unanimous vote of 108 representatives, to approve the agreement, which stipulated the appointment of Naji Issa as the new governor of the CBL, and Marie Al-Barasi as his deputy.
The HCS also announced the approval of 112 members of the agreement with the HoR regarding the appointment of a new board for the Central Bank of Libya.
