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@kfm Thu, 26 Sep 2024 11:00:52

Libya’s rival factions agree to end central bank crisis

BY REUTERS Representatives of Libya’s rival eastern and western legislative bodies, in talks facilitated by the United Nations, signed an agreement on Thursday to end a crisis over the leadership of the central bank, nominating an interim governor and deputy. The agreement could help to defuse a crisis over control of the Central Bank of Libya (CBL) and oil revenues that has sharply reduced Libya’s oil output and exports. The crisis began when the head of the Presidential Council based in Tripoli, Mohammed al-Menfi, moved to replace veteran central bank governor Sadiq al-Kabir last month. That led eastern factions to order a halt of output from Libya’s oil fields in protest. The rival factions agreed on nominating Naji Mohamed Issa […] The post Libya’s rival factions agree to end central bank crisis first appeared on 93.3 KFM.

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