Faouzi Aboukhzam officially assumed the duties of Governor of the Central Bank of Libya on Thursday, October 22, 2026, following his designation by the House of Representatives, with the support of the High Council of State. According to available information, he thus becomes the first official from southern Libya to reach this post.
The inauguration ceremony took place in the presence of members of both institutions, in a context marked by a clear commitment to ensuring the continuity of the Central Bank’s activities, the proper functioning of banking services, and the fulfillment of national and international commitments.
Originally from the village of Al-Qaqam, in the Al-Chati region, in Fezzan, in southern Libya, Faouzi Aboukhzam holds a doctorate and has extensive professional experience within the Central Bank of Libya.
Specializing in payment systems and financial settlements, he has notably held the post of Director of the Payments and Settlements Department of the monetary institution. This department is responsible for organizing funds transfers and settlement operations between banking institutions.
His appointment also represents a geographical first since, according to available information, he would be the first Governor of the Central Bank of Libya from the country’s southern region.
A career path marked by banking modernization and digital transformation
Faouzi Aboukhzam has stood out at several stages of his career in initiatives related to the modernization of the Libyan banking system, notably in the fields of electronic payments and financial technologies.
In 2022, he called for the development of a national strategy for digital transformation and the development of the Libyan banking system, signaling his interest in modernizing financial services and expanding the use of digital solutions.
In 2023, he participated in an official visit to Estonia, aimed at learning from the country’s advanced experiences in financial technologies and anti-money-laundering mechanisms.
In October 2024, he was appointed to the Libyan Central Bank’s board of directors by a decision of the House of Representatives, before being designated governor in October 2026.
Thus, his career demonstrates experience in the technical and operational aspects of the banking sector, particularly in payment and settlement systems. However, the available information does not allow for a precise assessment of his direct experience in guiding monetary policy.
The new governor’s initial directives
Following his taking office, Faouzi Aboukhzam stated that all departments of the Central Bank of Libya were continuing their activities in a normal and regular manner.
He said he had immediately issued instructions to ensure the continuity and efficiency of the institution’s operations, while strengthening coordination among its various structures.
According to his statements, these measures aim to safeguard citizens’ interests and ensure the regularity of banking services.
The designated governor also emphasized the importance of honoring the Central Bank’s commitments to national institutions and international partners.
The Central Bank of Libya reassures citizens and its international partners
For its part, the Central Bank of Libya confirmed the normal continuity of its activities, sending a reassuring message to citizens as well as to its international partners about the continuity of its operations.
The institution clarified that its various departments continued to perform their missions and fulfill their commitments, while reaffirming their commitment to the stability of the banking sector and the continuity of services for individuals and businesses.
Faouzi Aboukhzam’s entry into office comes at a moment when maintaining the regular functioning of the monetary institution remains essential, alongside the challenges related to modernizing banking services and developing electronic payment systems.
