No Result
View All Result
Sunday, July 13, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

Shukri confirmed as CBL Governor by HoR vote

bySami Zaptia
January 30, 2018
Reading Time: 2 mins read
A A

By Libya Herald reporter.

Shukri was voted-in as the new Governor of the Central Bank of Libya by the HoR today (Photo: Archives).
Shukri was voted-in as the new Governor of the Central Bank of Libya by the HoR today (Photo: Archives).

Tunis, 29 January 2018:

Mohamed Shukri has been sworn in as the new Governor of the Central Bank (CBL) by the Tobruk-based House of Representatives (HoR). He pledged to end the on-going liquidity crisis and to unite the divided CBL.

In a speech at the HoR, Shukri criticised the financial black-market and said it was a system that prayed on the weak and was entrenched in corruption.

Furthermore, Shukri cited the National Oil Corporation as an example of how success could come if the CBL was combined with its Tripoli and Presidency Council-backed counterpart.

RELATED POSTS

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

He also expressed his hope that the long queues seen at banks, as customers desperately tried to withdraw seemingly non-existent hard currency, would be reduced.

However, the swearing-in of Shukri is likely to be rejected in Tripoli and it remains to be seen whether Sadek El-Kabir, the CBL governor in the capital, will even consider handing over.

Already State Council president Abdulrahman Sewehli has condemned the decision, saying the appointment was made not in keeping with the Libyan Political Agreement. He described Shukri’s ascension as “invalid” and called on the HoR not to take unilateral decisions.

It will be recalled that Article 15 of the Libyan Political Agreement, agreed to by both the HoR and State Council, states that the HoR must consult with the State Council when appointing any top positions, including the Governor of the CBL.

Sources had said the State Council and HoR, along with UNSMIL, could come to an agreement over the appointment of Shukri. UNSMIL had criticised the way Shukri had been appointed.

In the December vote, Shukri received 54 of the 107 votes. His predecessor for the Beida-based role, Ali Hebri, was humiliated as only three members showed their support for him. Article 15 states HoR must consult with State Council when appointing the governor of the CBL.

Shukri is a former director of the Jumhouria Bank. With over 30 years of banking experience, he was also previously a Deputy Vice Governor of the CBL.

Tags: Abdulrahman SwehliCBL Central Bank of LibyafeaturedHigh State Council HSCHoR House of RepresentativesLPA Libyan Political AgreementMohamed Al-Shukri

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

July 11, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba seeking long term partnership not interim solutions on combatting irregular migration

July 10, 2025
Acting Interior Minister Trabelsi taking steps to counter forged ID numbers and passports
Libya

There are 4 million irregular migrants in Libya: Interior Minister Trabelsi

July 10, 2025
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba: Militias have become criminal gangs and a state within the state

July 9, 2025
Libya Herald exclusive: Responding to the prime minister’s call yesterday to the private sector and banks to do more, leading businessman Husni Bey responds
Business

Op-Ed: Reputational Damage Is Worse Than Losing Money

July 2, 2025
Libyan Russian Economic Forum starts in St. Petersburg
Libya

Libyan Russian Economic Forum starts in St. Petersburg

June 27, 2025
Next Post
Bani Walid receives three ambulances from the Stabilization Facility for Libya

Bani Walid receives three ambulances from the Stabilization Facility for Libya

HNEC extends voter registration until 15 February

HNEC extends voter registration until 15 February

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Aldabaiba opens First Phase of Tripoli’s Third Ring Road

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.