The Governor of the Central Bank of Libya, Al-Siddiq Omar Al-Kabir, and his deputy, Marei Miftah, announced on Sunday the return of the bank as a “unified sovereign” institution.Noted
Central Bank of Libya In a statement, he urged continued efforts to address the effects of his east-west split.
The bank added that the announcement came after an expanded meeting held today at the bank’s headquarters in Tripoli.
Libya’s central bank split like other state institutions after war broke out in 2014, but began the reunification process in 2020, as part of a post-ceasefire peace process.The witness
Libya An escalating political crisis in light of the presence of two governments in the country, one in the east mandated by parliament, and the other in the west, which emanates from political agreements sponsored by the United Nations, as the government in Tripoli in the west of the country, led by Abdul Hamid Dabaiba, refuses to hand over power except through elections.
The first presidential elections in Libya’s history were scheduled to be held on December 24, 2021, but political differences between the various parties to the Libyan crisis, as well as disagreements over the electoral law, prevented them from being held.
Source: Sputnik
