Libyan Central Bank Governor Resigns but Rejected

Libya Central Bank Governor Naji Essa submitted his resignation to the House of Representatives and the State Council. However, the State Council rejected its acceptance, and the procedures of the House of Representatives regarding it remain unclear. His resignation comes amid significant economic and financial challenges facing the bank, including managing foreign currency and monetary policy, against the backdrop of ongoing political and institutional divisions in the country. His stance raises questions about the future management of the bank and how his successor will be appointed, especially since the position of governor directly impacts the exchange rate and economic liquidity in Libya.

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