HoR names CBL Board members – CBL Governor welcomes the announcement

Libya’s parliament, the House of Representatives (HoR), today named the six members of the Board of the Central Bank of Libya (CBL).

The six members are:

1. ‎Fakher Boufarna – former Planning Minister in the Aldabaiba government / former board member of the LIA / Professor of Economics at Benghazi University.
2. Wissam Kilani – Head of Settlement Dept between NOC and GECOL at Finance Ministry
3. Fawzi Boukhzam – former head of the CBL Settlement and Payment Dept.
4. Rida Gargab – Worked at the Audit Bureau
5. Amer Karkar –
6. Ali Omran‎ –

The six CBL board members join Naji Issa the Governor and his Deputy Marei Al-Barassi.

The CBL, in a statement issued today, welcomed the HoR announcement of the six board members.

End of the 2024 CBL crisis?
The naming of the board members should, in theory at least, end the CBL crisis triggered this summer by the Presidency Council when they replaced the Governor Saddek El-Kaber.

El-Kaber had been in post since the 2011 revolution that ended the Qaddafi regime. He had been operating without a board as the political split between western and eastern Libya was reflected in the board.

The eastern based HoR had sacked him on several occasions but the West, citing stability and the non-politicisation of the post, and certain militias in Tripoli, helped him remain in post.

With the appointment of a new full board, the CBL should now operate without its Governor making unanimous decisions. It should provide more stability and accountability in policy and decision-making.

HoR votes unanimously to approve Naji Issa as new CBL Governor (libyaherald.com)

Agreement reached on appointment of CBL Governor, Deputy and Board (libyaherald.com)

Applications for opening documentary credits will start today: CBL (libyaherald.com)

Tripoli Libyan government responds to U.S. statement on CBL crisis – sees statement as positive (libyaherald.com)

U.S. calls for steps to maintain the credibility of the CBL (libyaherald.com)

Libya loses US$ 120 million, and counting, because of recent oil closures: NOC (libyaherald.com)

Newly installed CBL administration claims it has gained control of all its banking systems (libyaherald.com)

Presidency Council welcomes yesterday’s UN Security Council statement – will participate in national dialogue within broader framework (libyaherald.com)

UN Security Council calls for a consensus-based solution to the current Central Bank crisis (libyaherald.com)

New interim CBL Governor Abdel Fattah Abdel Ghaffar holds first press conference in CBL (libyaherald.com)

UNSMIL deeply concerned over the deteriorating situation in Libya resulting from unilateral decisions (libyaherald.com)

‘‘Takeover’’ by the Handover Committee of the CBL – new temporary Governor appointed (libyaherald.com)

Several banking operations suspended due to CBL crisis (libyaherald.com)

CBL Governor El-Kaber reports attempted storming to Attorney General – holds Interior Minister responsible for its security

HoR condemns attempted storming of CBL (libyaherald.com)

No intention to storm Central Bank by force and administrative crisis has nothing to do with security authorities: Acting Interior Minister Trabelsi (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)

UNSMIL rejects HoR election of Shukri as central bank governor, says Elkaber still in place | (libyaherald.com)

CBL Governor Saddek Elkaber sacked again | (libyaherald.com)