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.
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.
