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Libya’s Parliament Appoints Naji Belqasem as New Central Bank Governor to Address Oil Crisis

Kehinde Giwa by Kehinde Giwa
September 30, 2024
in Business, News
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Libya’s Parliament Appoints Naji Belqasem as New Central Bank Governor to Address Oil Crisis
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On Monday, Libya’s eastern-based parliament announced its approval of Naji Mohamed Issa Belqasem as the new governor of the central bank, a key move aimed at resolving the ongoing crisis that has significantly reduced the country’s oil production.

During a televised session, the parliament also confirmed Mari Muftah Rahil Barrasi as Belqasem’s deputy.

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The nominations were put forward during a recent meeting facilitated by the United Nations. Prior to this appointment, Belqasem served as the central bank’s director of banking and monetary control. This leadership change is seen as a critical step toward stabilizing Libya’s economy and enhancing its oil output.

Tags: Central Bank GovernorLibya’s ParliamentNaji Belqasem
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