Egypt expressed its welcome on Monday for the agreement reached between Libya’s House of Representatives and the High Council of State on appointing new leadership for the Central Bank. The move is seen as a key step towards restoring stability in the country, which has been struggling with a severe crisis for months.
According to a statement by the Egyptian Ministry of Foreign Affairs, this announcement followed a unanimous vote by the Libyan House of Representatives in favour of appointing Naji Essa as the new Governor of the Central Bank, with Marai Al-Barassi as his deputy.
In its statement, Egypt applauded the agreement between the two Libyan bodies to resolve the Central Bank dispute, hoping that this decision would lead to stability across all Libyan regions.
The Egyptian government reaffirmed its commitment to continue supporting these efforts, working in coordination with regional and international partners, to safeguard the resources of the Libyan people.
Naji Essa is one of the most prominent banking figures in Libya, with over 30 years of experience in the financial sector. His career at the Central Bank began in 1996, where he held several strategic positions, becoming a key figure in shaping Libya’s financial policies. His vast experience includes serving as an advisor to former governor Al-Siddiq Al-Kabeer and heading departments such as Banking Supervision and Research and Studies.
Essa played a crucial role in managing Libya’s financial crises, contributing to policies that stabilised the Libyan dinar amidst economic and political turbulence. His efforts to maintain the stability of the currency have earned him recognition, and there are high expectations for him to restore further confidence in the Libyan economy.
