Shukri offers to lead Central Bank of Libya if political consensus achieved

Mohammed Al-Shukri has expressed his willingness to assume the role of Governor of the Central Bank of Libya (CBL), provided there’s an agreement between the House of Representatives and the State Council, in line with the country’s laws.

In a statement to Ean Libya news portal, Al-Shukri outlined his vision for the CBL, contingent upon the activation of House of Representatives Resolution No. 3 of 2018. He proposed appointing a Board of Directors comprised of qualified national experts capable of implementing a flexible monetary policy. This policy, he emphasised, would be aimed at achieving monetary stability, which is crucial for fostering overall economic stability and growth.

Al-Shukri further highlighted the policy’s potential to address pressing economic issues faced by Libyan citizens, including:

– Stabilising the general price level
– Curbing the depreciation of the dinar against foreign currencies
– Addressing liquidity shortages and injecting funds into the economy
– Directing the banking sector to provide effective financial services, ensuring financial inclusion, and extending loans and facilities to support economic activities
– Ultimately, Al-Shukri envisions a productive, diversified, and open economy capable of providing decent living opportunities for future generations.

In closing, Al-Shukri struck an optimistic tone, asserting that “These challenges facing our people provide great opportunities to correct the course and move towards a better tomorrow that will spread throughout the country.”