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This is a locator map for Libya with its capital, Tripoli. (AP Photo)

Libya's parliament approves appointment of Belqasem as new central bank governor

Libya’s eastern parliament has agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli

By AP News
Published - Sep 30, 2024, 10:23 AM ET
Last Updated - Dec 16, 2024, 06:48 PM EST

CAIRO (AP) — Libya’s eastern parliament on Monday agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli.

Parliament spokesperson Abdullah Bliheg said Monday that all 108 lawmakers voted in favor of appointing Belqasem, who previously was the central bank’s director of banking and monetary control.

The parliament also appointed Mari Muftah Rahil Barrasi as his deputy. Belqasem and Barrasi are expected to form a new board of directors for the central bank within 10 days.

The decision came as part of a U.N.-facilitated agreement between the parliament and the High Council of State to appoint new leadership for the country’s central bank.

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