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CBL Governor: selling individual allowances to citizens has nothing to do with declaring a state of emergency

In a statement to Sada Economic Newspaper, a well-informed source revealed that the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, sent a letter to the President of the Supreme Judicial Council.

Al-Siddiq Al-Kabir said that, according to the law, declaring a state of emergency is assigned to a higher authority than the executive authority. In fact, this was not achieved in the Presidential Council’s resolution No. 209 of 2020.

Al-Kabir also considered that the reliance of the chairman of the Presidential Council, Fayez Al-Sarraj, on the use of the emergency law in demanding the Central Bank to restart selling dollar to citizens, was unjustified.

He also confirmed that the Central Bank of Libya has taken all the necessary measures and procedures in the face Coronavirus, adding that, according to his understanding, the emergency law was specifically passed in order to fight Coronavirus epidemic, and it should not be used for purposes other than that for which it was made, in order to preserve the basic principles of the state system, the rule of law and the separation of power.

It will be recalled that Libya’s Government of National Accord (GNA) Prime Minister Fayez al-Sarraj on Saturday called on the CBL Governor Al-Siddiq Al-Kabir to resume the sale of individual allowances to citizens, at the approved rate to the value of $5,000 per person annually.

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