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Al-Kabeer Briefs House of Representatives and High Council of State on Recent Developments Regarding Presidential Council’s Decisions

The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, stated that he provided a briefing to the Speaker of the House of Representatives, Aguila Saleh, and the President of the High Council of State, Khaled Al-Mishri, on the recent developments related to the decisions of the Presidential Council.

In his briefing, Al-Kabeer explained the negative impacts on the Central Bank and the banking sector, which have resulted in global banks suspending their dealings with the Central Bank.

Al-Kabeer also mentioned that he updated them on the outcomes of his efforts and meetings with the U.S. Treasury, the Federal Reserve, central banks, as well as with ambassadors and missions concerned with Libyan affairs.

For their part, the heads of the House of Representatives and the High Council of State expressed their rejection of all decisions issued by the Presidential Council regarding the Central Bank. They considered these decisions to be null and void and confirmed the agreement between the two councils on resolving the crisis in accordance with the law and the political agreement.

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