Decision No. 25 of 2024 on Retirement of Central Bank Employee

The Presidential Council retired Mr. Al-Siddiq Omar Al-Kabir from the Central Bank of Libya upon reaching mandatory retirement age, effective 29 August 2024. The decision references Libya's Labor Relations Law and Social Security Law. Competent authorities are directed to implement the decision immediately.

This is an administrative personnel decision with no direct business or investment implications. However, it demonstrates the Presidential Council's continued assertion of authority over Central Bank personnel matters during Libya's ongoing institutional fragmentation. For firms engaged with Libya's banking sector or monitoring political risk, this confirms the Tripoli-based Presidential Council's control over CBL staffing decisions, which may be relevant given the contested governance of Libya's financial institutions.