President Mohammed Menfi of the Presidential Council (PC) has urged Mohammed Shukri to swiftly assume his duties as Governor of the Central Bank of Libya (CBL), intensifying the ongoing power struggle over the country’s financial leadership.
In a letter delivered through his office director, Menfi emphasized the need for Shukri to begin implementing economic and financial rescue strategies in collaboration with the CBL’s board of directors, which Menfi lauded for its “high professional competencies and broad political consensus.”
Menfi praised Shukri’s “genuine patriotism” and commitment to national responsibility, reinforcing the legitimacy of Shukri’s appointment under Resolution No. 3 of 2018. He noted that the resolution, reflecting the decision of Libya’s representatives in a public session, remains in effect and was further endorsed by the High Council of State (HCS) in August 2024.
This move comes after Shukri stated that his acceptance of the Governor role would depend on agreement between the House of Representatives (HoR) and the HCS.
The committee affiliated with the PC announced that the new Central Bank administration would begin its duties on Saturday. However, the CBL rejected the PC’s actions, declaring them “invalid, illegal, and issued by an unauthorized party.”
