Libya central bank governor takes legal oath
Fawzi Abu Khazam swore his oath before the House of Representatives to assume duties.
Fawzi Abu Khazam, the new Governor of the Central Bank of Libya, took his legal oath before the Speaker of the House of Representatives and several members today. This action fulfills legal requirements for him to begin his official duties, following his appointment by a House resolution on November 2, 2026.
The Central Bank of Libya stated this step is for strengthening monetary and financial stability and consolidating confidence in the banking sector. The bank aims to develop monetary policy instruments and enhance cooperation with state institutions to support the country's economic stability.
The CBL reaffirmed its commitment to carrying out its mandated functions, working to enhance the efficiency of the banking sector, and developing financial and banking services in compliance with governing laws and regulations.
Why it mattersThe new governor's oath-taking is intended to strengthen Libya's monetary and financial stability and support the country's economic stability.