The Speaker of the House of Representatives (HoR), Aqila Saleh, said that what the Presidential Council decided regarding replacing the Governor of the Central Bank of Libya (CBL) was unacceptable, adding during the HoR’s session that the Presidential Council’s term had expired, and Al-Siddiq Al-Kabir “remains the Governor of the Central Bank based on the recent decision of the HoR.”
Saleh said that the powers of the Presidential Council were exclusively defined, and the formation of sovereign positions was made upon an agreement between the HoR and the High Council of State.
Saleh indicated that the Presidential Council’s step regarding replacing Al-Kabir could be a reason for freezing Libyan assets and the collapse of the local currency. He said that the HoR decided in the previous session to end the term of office for the executive authority, adding that the HoR considered it a failure and could be replaced.
The Speaker of the HoR also pointed to the need for an executive authority that would unify the country and hold elections, expressing the HoR’s readiness to initiate dialogue with all parties.
In the meantime, the Central Bank of Libya announced Monday that Al-Kabir held an expanded meeting with a number of the bank’s department managers at its headquarters in Tripoli, hours after the Presidential Council issued a decision to replace him.
The Central Bank said that Al-Kabir followed up on the reoperation of systems and the progress of work with the department managers after the release of the Director of the Information Technology Department, Musab Emsallem on Sunday.
The Presidential Council unanimously announced on Sunday its decision to replace Al-Kabir and form a new board of directors. The council said in its statement that the decision came within the framework of assuming national responsibility to preserve the country's resources and prevent them from being exposed to any harm.
