Economy· August 17, 2026 at 11:03 a.m.
Libya's State Council Rejects Central Bank Governor's Resignation
Key takeaways
- Libyan Central Bank Governor Al-Siddiq Al-Kabir resigns
- Resignation rejected by the State Council
- Power struggle between State Council and Presidential Council
The Libyan State Council has rejected the resignation of Central Bank Governor, Al-Siddiq Al-Kabir. The move comes amidst ongoing political and economic instability in the country. Al-Kabir submitted his resignation on Monday, citing personal reasons, but the State Council deemed it unacceptable due to the sensitive state of Libya's financial sector.