Al-Menfi Urges Central Bank Governor and Deputy to Maintain Bank’s Technical Role, Avoid Political Involvement, and Respect Legal Authority of the Board of Directors
During his meeting with the Governor of the Central Bank of Libya, Naji Issa, and his deputy, Marei Al-Barassi, the Head of the Presidential Council, Mohamed Al-Menfi, emphasized the importance of the Governor adhering to the Bank’s technical role, avoiding political involvement, and not exceeding the legal powers of the Board of Directors, particularly the board established by Resolution No. 22 issued by the Presidential Council, until a new board is formed in agreement on who has the authority to form it.
Al-Menfi also stressed the need to adhere to spending in accordance with the State Financial Law (1/12) exclusively for the first, second, and fourth chapters until agreement is reached on a unified budget law or temporary financial arrangements.