Libya's parliament approves appointment of Belqasem as new central bank governor

Date:

Share post:


Libya’s eastern parliament has agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli

CAIRO — Libya’s eastern parliament on Monday agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli.

Parliament spokesperson Abdullah Bliheg said Monday that all 108 lawmakers voted in favor of appointing Belqasem, who previously was the central bank’s director of banking and monetary control.

The parliament also appointed Mari Muftah Rahil Barrasi as his deputy. Belqasem and Barrasi are expected to form a new board of directors for the central bank within 10 days.

The decision came as part of a U.N.-facilitated agreement between the parliament and the High Council of State to appoint new leadership for the country’s central bank.

Last month, the presidential council issued a decree to appoint Mohamed Abdul Salam al-Shukri, the former deputy governor, as a replacement for al-Kabir. The presidential council in Tripoli is allied with the government of Prime Minister Abdul Hamid Dbeibah that controls western Libya.

However, the country’s eastern parliament and the Supreme Council of State, an advisory body based in the capital, said removing al-Kabirwas was an illegitimate move and that such a decision should have been made in coordination with both bodies. That is according to interim regulations agreed upon during U.N.-backed talks that help oversee the unity of the country’s institutions.

Al-Kabir served as the central bank’s governor since October 2011, the year when Libya plunged into chaos after a NATO-backed uprising overthrew the country’s leader, Moammar Gadhafi, who ruled Libya for more than four decades.

During the months that led up to his removal, al-Kabir was criticized by officials from both sides of the North African nation’s political divide over the allocation of Libya’s oil money.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Bernie Marcus, Home Depot co-founder and billionaire philanthropist, dies at 95

NEW YORK -- Bernard “Bernie” Marcus, the co-founder of The Home Depot, the world's largest home improvement...

Strike at Boeing was part of a new era of labor activism long in decline at US work places

Aircraft assembly workers at Boeing factories near Seattle and elsewhere voted to end a seven-week strike overnight....

French and Dutch investigators raid Netflix offices in probe of suspected financial wrongdoing

PARIS -- Prosecutors and police investigators who specialize in fighting fraud and corruption raided Netflix offices in...

S. Korea fines Meta $15M for illegally collecting information on Facebook users

SEOUL, South Korea -- South Korea’s privacy watchdog on Tuesday fined social media company Meta 21.6 billion...

Nintendo reports lower profits as demand drops for its aging Switch console

TOKYO -- Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its...

Student who wowed China in Alibaba math contest got help from teacher, organizers say

A vocational school student in China who wowed the public in June by finishing near the top...

Saudi oil giant Aramco posts third-quarter profits of $27.5 billion, down 15% from a year earlier

DUBAI, United Arab Emirates -- Saudi Arabian oil giant Aramco reported third-quarter profits of $27.5 billion on...

Boeing factory workers vote to accept contract and end more than 7-week strike

SEATTLE -- Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike...