The Parliament-designate government in Libya announced that the Administrative Chamber of the Benghazi Court of Appeal issued a ruling on Tuesday to suspend the implementation of all decisions made by the Presidential Council concerning the Central Bank of Libya.
The court accepted the appeal filed by Prime Minister Osama Hammad and ruled to halt the execution of the contested decisions. These include “Decision No. 19/2024 naming a new Governor of the Central Bank, Decision No. 20/2024 restructuring the Bank’s Board of Directors, Decision No. 21/2024 appointing a new Governor, Decision No. 22/2024 establishing a new Board of Directors, and Decision No. 82/2024 forming a committee to oversee the handover of the Bank’s management,” as announced on the government’s Facebook page.
The government argued that the decisions were suspended due to “violations of the constitutional declaration, banking laws, and the political agreement, as well as their potential to destabilise economic stability.”
Previously, on 21 August, the Jalu Primary Court issued a temporary order to halt the implementation of the Presidential Council’s decisions related to the Central Bank, deeming them “null and void,” in response to a request by Prime Minister Hammad.
A source from the Presidential Council commented to Al-Wasat Portal at the time, stating that the Jalu Court’s ruling was based on “inaccurate information from Facebook posts” and had not formally reviewed the decisions in question.
The source added, “We do not believe a judicial order to halt these decisions has been issued by the Jalu Court, as we have not been officially notified of the lawsuit or the ruling.”
“Furthermore, the referenced Decisions 19 and 20 of 2024 issued by the Presidential Council do not pertain to the Central Bank. It appears the court may have ruled on fraudulent decisions circulated on Facebook, which, if true, constitutes a complete scandal,” he explained.
