{"id":42072,"date":"2026-08-10T17:29:58","date_gmt":"2026-08-10T15:29:58","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&p=42072"},"modified":"2026-08-10T17:29:58","modified_gmt":"2026-08-10T15:29:58","slug":"libyas-central-bank-governor-submits-resignation","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/libyas-central-bank-governor-submits-resignation\/","title":{"rendered":"Libya’s Central Bank Governor submits resignation"},"content":{"rendered":"

The Governor of Libya’s Central Bank (CBL), Naji Issa, has submitted his resignation to the country’s rival legislative chambers, according to two documents seen by Reuters<\/em> this Monday.<\/p>\n

 <\/p>\n

In the documents, whose \u200cauthenticity was confirmed by Issa, he said he could not continue in his post, but did not explain why, citing the sensitivity of the reasons.<\/p>\n

 <\/p>\n

Issa said in the documents addressed to the heads of the two rival chambers that he could not continue in his post.<\/p>\n

 <\/p>\n

“I apologise for not being able to continue in my duties as Governor of \u2060the Central Bank of Libya, without stating the reasons, due to their sensitivity,” the two documents read.<\/p>\n

 <\/p>\n

Issa confirmed the authenticity of the letters in a message to Reuters,<\/em> declining to reveal more about the reasons behind his decision.<\/p>\n

 <\/p>\n

The two documents are dated August 9.<\/p>\n

 <\/p>\n

The two legislative chambers are the eastern-based House of Representatives that was elected in 2014 and the High Council of State in the west, which was formed as part of a 2015 political agreement and whose members were drawn from a parliament elected in 2012.<\/p>\n

 <\/p>\n

Libya has been divided since 2014 into rival authorities \u200cin \u2060the west and east that emerged from the chaos following the fall of Muammar Gaddafi in a NATO-backed uprising in 2011.<\/p>\n

 <\/p>\n

The Head of the High Council of State, Mohamed Takala, asked Issa to stay in his post “in order to maintain financial, economic and political stability” until the resignation is considered and ruled on \u2060in accordance with constitutional and legal procedures.<\/p>\n

 <\/p>\n

The House of Representatives has not yet responded to Issa’s request.<\/p>\n

 <\/p>\n

Issa took up the post in 2024 when the two legislative chambers agreed his appointment as a way to \u2060end a standoff over control of the CBL that led to the ousting of former governor Sadiq al-Kabir.<\/p>\n

 <\/p>\n

The standoff was triggered when western factions moved in August 2024 to oust Kabir \u2060and replace him with a rival board, leading eastern factions to shut down all oil production. The move sharply reduced Libya’s oil output and exports during the crisis.<\/p>\n

 <\/p>\n

–Reuters–<\/p>\n","protected":false},"featured_media":42073,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-42072","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Governor of Libya's Central Bank, Naji Issa, has submitted his resignation","published_date":"2026-08-10 16:39:13","news_description":"Governor of Libya's Central Bank, Naji Issa, has submitted his resignation","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42072\/revisions"}],"predecessor-version":[{"id":42074,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/42072\/revisions\/42074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/42073"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=42072"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=42072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}