Thursday, February 26, 2026
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libyan MP Calls For Changing Central Bank’s Board

June 30, 2020
Share on FacebookShare on Twitter

A member of the Libyan House of Representatives (HoR), Mesbah Douma, emphasized the need to change the Board of Directors of the Central Bank of Libya (CBL). This was to avoid the continued closure of the oil fields and allow for the resumption of oil exports.

In a statement to the Egyptian newspaper ‘Youm 7’, Douma said that the oil fields will remain closed unless a mechanism for the equitable distribution of oil wealth is established in Libya.

He explained during his speech that the Fezzan region in southern Libya, which is rich in oil and gas fields, lacked the most essential needs such as water and food. It is also the worst affected region in the country in terms of COVID-19 cases.

Douma claimed that the ‘Northern Mafia’, as he described it, drained resources from the region and unduly prioritised other areas in Libya.

He voiced his support for the process of closing the oil fields rather than plundering its revenues for the benefit of the countries sponsoring the war in Libya.

The member of the House of Representatives called for the establishment of a new executive authority that would unify sovereign institutions and appoint personalities that are able to efficiently manage them without suspicion of corruption, especially in the management of the Central Bank of Libya.

“If not, mafia governments will continue to steal Libyan people’s wealth” he added.

Tags: cblCentral Bankhorlibyamp
Next Post

Tunisia Reiterates Its Rejection Of Foreign Interference In Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Burning Checkpoints, Rising Prices: Is West Libya Facing a New Wave of Unrest?

29 Million Weapons and Counting: Libya’s Unfinished War

Libyan Rights Body Warns Economic Collapse Could Undermine Social Stability

Libyan Authorities Move to Enforce Compliance on International Schools

Tax Revenues Climb to Record Levels in Libya

Senior Officer Assassinated in South Libya

EDITOR PICKS

29 Million Weapons and Counting: Libya’s Unfinished War

Burning Checkpoints, Rising Prices: Is West Libya Facing a New Wave of Unrest?

Libyan Authorities Repatriate 30 Bangladeshis via Benina Airport

Academic Diplomacy in Action: Egypt and Benghazi Expand Higher Education Cooperation

Coastal Patrols Halt Smuggling Attempt East of Sirte

Tax Revenues Climb to Record Levels in Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR