UN effort to reunify Libyan central banks hits problems
One faction demands governor’s replacement as civil war weighs on oil and banking sectors
A plan to reunify the central banks in civil war-torn Libya is facing difficulties, with one faction calling for the replacement of the Tripoli-based governor.
Sadiq Al-Kabir, governor of the Central Bank of Libya in the country’s capital Tripoli, is facing several other major problems. Al-Kabir is engaged in a public dispute with the head of the country’s powerful oil monopoly, while Libya’s banks are suffering severe liquidity shortages.
Libya has effectively had two central banks, each
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