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Libya's Central Bank Governor Flees Amid Militia Threats

The power struggle over Libya's central bank intensifies, disrupting banking operations and oil production.

  • Governor Sadiq al-Kabir and senior bank staff have fled Libya due to militia threats.
  • The Tripoli-based government attempted to replace al-Kabir, escalating tensions with the eastern administration.
  • Banking operations are suspended, leaving citizens unable to access funds or make transfers.
  • The eastern government has shut down oilfields, further destabilizing the economy.
  • The UN has called for the protection of central bank employees and the lifting of force majeure on oil fields.
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