Libya’s HoR approves central bank leadership in landmark vote

Libya’s House of Representatives has unanimously approved a deal to end a long-running leadership dispute at the Central Bank of Libya, signalling progress towards stability in the war-torn nation.

The vote, held in Benghazi, saw 108 members present out of a total of 158, exceeding the required legal quorum. The agreement, reached under UN auspices, appoints banker Naji Issa as governor and Marie Al-Barasi as deputy governor.

Speaker Aqila Saleh confirmed the High Council of State had also backed the deal, with 112 members signing in favour.

The agreement was finalised last Thursday at the UN Support Mission in Libya headquarters, with representatives from both legislative bodies and the Presidential Council present.

This development marks a crucial step in unifying Libya’s financial institutions, offering hope for improved economic management and stability.

Key Points:

• House of Representatives unanimously approves Central Bank leadership deal
• Naji Issa to become governor, Marie Al-Barasi to serve as deputy governor
• High Council of State also backs the agreement
• Agreement reached under UN auspices
• Represents a key step in unifying Libya’s financial institutions