The Board of Directors of the Central Bank of Libya, assigned by the Presidential Council, announced the completion of the process of fully assuming the duties of managing the bank, according to a statement published on the bank's Facebook page on Monday evening.
The board reaffirmed in the statement its commitment to all necessary measures to ensure a smooth transition, overcoming what it described as "attempts of disruption by the previous administration."
It also stressed its full commitment to the priorities and pledges announced in its first statement, saying, "We are fully aware of the great responsibilities placed on our shoulders at this critical stage in the history of our country, and we are striving with all our efforts to save our country's economy, achieve benefit for the Libyan citizen, and contribute to addressing the effects of the crises whose burden is tolerated by citizens."
The board expressed its confidence "that this stage will witness the achievement of the desired goals thanks to the cooperation and collaboration of all parties."
This announcement comes amid political escalation from various parties after the Presidential Council announced a change in the bank’s management, a move rejected by Governor Al-Siddiq Al-Kabir, and opposed by both the House of Representatives and the High Council of State, which accused the Presidential Council of encroaching on their powers.
