Libya’s central bank reunifies after clashes in Tripoli
The reunification of the financial institution is a sign of progress and follows disputes over oil revenue distribution and violence in the capital, as Libya continues to grapple with the aftermath of the civil war.
Libya’s central bank reunified on Sunday, another sign of reconciliation in the country following a recent bout of intense violence.
The Central Bank of Libya announced in a statement that it has “returned as a unified sovereign institution and will continue to make efforts to deal with the effects that resulted from the division.”
The bank’s governor, Sadiq al-Kabir, met on Monday with Libyan Prime Minister Abdul Hamid Dbeibah. The prime minister welcomed the reunification, according to a tweet from the bank.
التقى السيد الصديق عمر الكبير محافظ مصرف ليبيا المركزي بمكتبه الاثنين 2023/08/21 مع السيد عبدالحميد الدبيبة رئيس حكومة الوحدة الوطنية في اطار الترحيب بعملية توحيد مصرف ليبيا المركزي ودعم جهوده لتحقيق الاستقرار المالي والاستدامة المالية للدولة وتحقيق أعلى معدلات الإفصاح والشفافية. pic.twitter.com/KrF6lY54CL
— Central Bank of Libya (CBL) (@CentralBankOfLy) August 21, 2023
Background: Libya’s central bank splintered after the civil war broke out in 2014. One entity remained in Tripoli and served the internationally recognized government, while another was set up in Benghazi and was affiliated with eastern-based commander Gen. Khalifa Hifter’s forces.
