Middle-east Arab News Opinion | Asharq Al-awsat

Libya parliament dismisses central bank chief - ASHARQ AL-AWSAT English Archive
Select Page

Libyan mufti Sheikh Sadeq Al-Ghariani speaks as others flash the sign for victory during a rally in central Tripoli's Martyr's Square on September 12 ,2014, calling for the removal of Libya's new nationalist-dominated parliament which is based in the eastern city if Tobruk and boycotted by the Islamists. (AFP PHOTO / MAHMUD TURKIA)

Libyan mufti Sheikh Sadeq Al-Ghariani speaks as others flash the sign for victory during a rally in central Tripoli’s Martyr’s Square on September 12 ,2014, calling for the removal of Libya’s new nationalist-dominated parliament which is based in the eastern city if Tobruk and boycotted by the Islamists. (AFP PHOTO / MAHMUD TURKIA)

Benghazi, Reuters—Libya’s elected parliament on Sunday dismissed the governor of the country’s central bank, a parliamentary spokesman said.

The bank’s governor Saddek Omar Elkaber had failed to attend a session last at the House of Representatives to discuss alleged financial irregularities at the central bank, Faraj Hashem, a spokesman for the House said.

It was not immediately clear how the House of Representatives would implement its decision. It has moved to Tobruk in the far-east of the country since an armed opposition group seized the capital Tripoli last month.

The armed opposition, which is partly linked to Islamists, has reinstated Libya’s previous parliament in Tripoli, in which the Islamists were much stronger.

The central bank has tried to stay out of the political struggle but has been facing demands from both parliaments to approve budget payments.

The bank is responsible for booking the country’s oil revenues in its accounts.

These make up Libya’s only source of income for its budget.

The dismissal of Elkaber will leave deputy governor Ali Al-Hibri in charge of the central bank until a successor is appointed. Elkaber is currently in Algiers for a conference of Arab central bank directors.

Western powers and Libya’s neighbors fear the oil producer will become a failed state or even face civil war as the government is unable to control former rebels who ousted Muammar Gaddafi in 2011.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube