In a significant development for Libya’s economic landscape, the eastern-based parliament has officially appointed Naji Mohamed Issa Belqasem as the new governor of the central bank. During a televised session, Mari Muftah Rahil Barrasi was also confirmed as the deputy governor.
The decision follows a recent U.N.-mediated meeting aimed at resolving the country’s ongoing crisis, which has severely affected its oil production and broader economic stability. Belqasem’s appointment is seen as a pivotal step, given his extensive experience within the central bank, where he previously held the position of director of banking and monetary control. His in-depth knowledge of the institution’s inner workings is expected to play a crucial role in addressing the economic challenges Libya faces.
Barrasi’s appointment as deputy governor also signals a move toward strengthening the central bank’s leadership as the country continues to navigate a difficult economic climate. The confirmation of both officials is seen as a critical part of ongoing efforts to stabilize Libya’s financial system and ensure better management of the country’s vital resources.
