The Presidential Council announced on Sunday evening that it had "taken a unanimous decision to implement House of Representatives Resolution No. (3/2018) regarding the election of a new governor for the Central Bank of Libya and the formation of a new board of directors for the bank," referring to the decision to appoint Mohamed Al-Shukri as governor of the Central Bank to replace Al-Siddiq Al-Kabir.
The Presidential Council confirmed in a press statement that this decision was made unanimously by all its members, within the framework of its national responsibility to preserve the country's resources and prevent them from being exposed to any harm.
The Presidential Council reassured citizens that this step aims to ensure the stability of the financial and economic situation in the country, stressing that these changes come to enhance the ability of the Central Bank to carry out its duties efficiently and effectively, ensuring the continuity of providing financial services and achieving economic stability.
The Presidential Council also reassured the international community that this step comes within the framework of strengthening governance and institutional stability in Libya, stressing its commitment to cooperate with all international partners to ensure the implementation of these changes in a way that serves the interests of the Libyan people and enhances the climate of confidence internally and externally.
The Presidential Council noted that "negotiations will begin to ensure a peaceful transition between high-level national competencies that have made strenuous efforts for many years" without specifying what they are.
The announcement of this decision comes two days after the issuance of the decision of the Presidency of the House of Representatives regarding the suspension of the implementation of Decision No. (3) issued in 2018 appointing Al-Shukri as Governor of the Central Bank of Libya.
The House of Representatives said in a statement that it was suspending the implementation of the decision due to the expiry of Al-Shukri's assignment period and the failure to assume his duties from the date of issuance of the decision.
The statement of the House of Representatives indicated the continuation of the implementation of the decision of the Presidency of the House of Representatives No. (25) of 2023, which stipulates the delegation of powers, and includes the assignment of Al-Siddiq Al-Kabir as Governor of the Central Bank of Libya and Marie Raheel as Deputy Governor.
