A statement attributed to 34 members of the House of Representatives (HoR) held the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, fully responsible for the economic crisis that the country is witnessing, as he is the director of monetary policy in accordance with the general policy of the state.
In a statement issued on Wednesday, the members accused Al-Kabir of being involved in expanding spending, increasing the money supply, and all measures that contributed to reducing the value of the dinar, expressing their categorical rejection of any solutions that propose reducing the purchasing power of citizens or starving them, and stressing the necessity of combating corruption.
The HoR members stressed that adjusting the exchange rate and managing monetary policy must remain within the powers of the Central Bank, ruling out any role for the House of Representatives in this regard. They also denounced any proposals to impose taxes and fees on foreign currency exchange, considering that this step "leads to multiple exchange rates and opens the door to corruption."
The members called for the appointment of a new board of directors for the Central Bank and the formation of a team of experts to study the crisis and find radical solutions to it. They called on the Attorney General to investigate “Al-Kabir’s allegation about the existence of parallel spending from unknown sources,” demanding transparency and accountability to protect the national economy.
The statement of the members of the House of Representatives comes in response to the letter addressed by Al-Kabir to the Speaker of the House of Representatives, Aqila Saleh, regarding the difficulties facing the Central Bank of Libya, demanding the imposition of fees on the purchase of foreign currency.
