The U.S. State Department called today for steps to maintain the credibility of the Central Bank of Libya (CBL) after the former Governor, Saddek El-Kaber, was, arguably, removed illegally and by force.
The State Department statement read as follows:
‘‘After more than a week of confusion over the leadership of the Central Bank of Libya (CBL), Libyan actors should take steps to maintain the credibility of the CBL and find a solution that does not further damage its reputation and engagement with the international financial system.
The uncertainty created by recent unilateral actions has led U.S. and international banks to reassess their relationships with the CBL and, in some cases, pause financial transactions until there is more clarity on the legitimate governance of the CBL. We are concerned that further disruptions with international correspondent banks could damage the Libyan economy and well-being of Libyan households.
We reiterate the call of the UN Security Council on August 28 for Libyan actors to urgently work together and with UNSMIL to find a political solution that restores competent and credible leadership of the CBL, ensures transparency of and accountability for CBL assets, and enables the CBL to fulfil its mandate to support the economic livelihood of all Libyans’’.
Libya loses US$ 120 million, and counting, because of recent oil closures: NOC (libyaherald.com)
Several banking operations suspended due to CBL crisis (libyaherald.com)
HoR condemns attempted storming of CBL (libyaherald.com)
Presidency Council to elect new board and Governor of CBL (libyaherald.com)
HoR confirms El-Kaber as Governor of the CBL (libyaherald.com)
The end of the road for current CBL Governor El-Kaber? (libyaherald.com)
CBL Governor Saddek Elkaber sacked again | (libyaherald.com)
