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Home Libya

HoR confirms El-Kaber as Governor of the CBL

bySami Zaptia
August 17, 2024
Reading Time: 1 min read
A A
HoR confirms El-Kaber as Governor of the CBL

The HoR confirms El-Kaber as Governor of the CBL (Photo: HoR).

The Presidency of the House of Representatives (HoR), led by Ageela Salah, announced yesterday that it is continuing with its Resolution No. 25 of 2023, which includes assigning Saddek El-Kaber as Governor of the Central Bank of Libya, and Marei Al-Barassi as Deputy Governor.

The HoR announced that with this it is suspending its decision 3 of 2018 assigning Mohamed Abdul Salam Al-Shukri as Governor, due to the lapse of the period of his assignment and his failure to carry out his duties from the date of the issuance of the decision to assign him.‎

180 degrees turn of relationship between El-Kaber and HoR
The announcement by the HoR Presidency reflects the 180 degrees recent turn in relations between the HoR and CBL Governor El-Kaber. The HoR had in previous years sacked El-Kaber.

The announcement also reflects the strained relationship between El-Kaber and the Tripoli based Libyan prime minister, Abd Alhamid Aldabaiba, amid reports that the latter is attempting to remove the former – possibly even by force.

‎

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Tags: Abd Alhamid aldabaiba pm GNU Government of National UnityCBL Central Bank of LibyaCBL Governor Saddek ElkaberHoR House of Representatives

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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.

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CBL reviews foreign assets totalling US$ 98.8 billion with investment return of US$ 2.2 billion to September

CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October

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