The Governor of the Central Bank of Libya has written (in widely leaked letter on social media and news sites) to the heads of the House of Representatives and the High State Council, stating that he will not continue in his role as Governor.
Issa stated in the letter that he would not specifying the reasons for his resignation, citing their ‘‘sensitivity’’.
At the time of publication there had been no official reply from the House of Representatives (HoR - parliament) or the High State Council.
At one point today, the US dollar was trading on the black-market at LD 9.30/dollar. Issa had vowed at the start of his tenure to bring this LD exchange rate against the US dollar ‘‘to under LD 7.00’’.
It will be recalled that Issa was appointed as a consensus appointment in October 2024 after the UN mediated between Libya’s conflicting political entities.