3 Hrs
Source:
عين ليبيا
Bank autonomy threatened
The National Consensus Bloc in the High Council of State rejected unilateral measures to appoint a new governor of the Central Bank of Libya, warning against bypassing legal and consensus-based procedures and of consequences that could undermine the bank’s independence, international confidence and the stability of the financial sector. It called for the measures to be reviewed and the matter resolved at an official session. It also urged the Public Prosecution and oversight bodies to investigate reports circulating about the sale of stakes in public banks or the disposal of their assets, and to protect public funds. The bloc pointed to risks including the disruption of external financial transactions and increased pressure on the Libyan dinar—developments that could affect citizens’ savings and purchasing power.
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