Libya's State rejects Central Bank governor resignation

The Libyan Higher Council rejected the resignation of Central Bank Governor Naji Essa, demanding that he continue performing his duties. It is said that Essa is prepared to withdraw his resignation under the condition that three main demands are met, including pressuring the House of Representatives and the State Council to accelerate the implementation of the developmental agreement, stopping new salary increases, and enacting laws to protect the country's resources and reduce resource and foreign currency embezzlement. These developments come amid a meeting between Essa and UN envoy Hana Titiya to discuss financial and economic reforms and resource management, amid declining economic conditions and pressures on the financial institution.

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