Libya central bank governor, other bankers flee to avoid militias, FT says

Reuters
Police officers stand guard outside Libya's Central Bank headquarters in Tripoli on August 27, 2024. The United States gave its backing on August 27 to UN efforts to resolve differences between Libya's rival administrations over the mangement of the central bank without cutting off vital oil income.(AFP)
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  • The crisis over the control of the Central Bank of Libya creates yet another level of instability in the country

Libya’s central bank governor Sadiq Al-Kabir said he and other senior bank staff had been forced to leave the country to “protect out lives” from potential attacks by armed militia, the Financial Times reported on Friday.
“Militias are threatening and terrifying bank staff and are sometimes abducting their children and relatives to force them to go to work,” Kabir told the newspaper via telephone.
He also said attempts by interim Prime Minister Abdulhamid Al-Dbeibah to replace him were illegal, and contravened UN negotiated accords on control of the central bank.
The crisis over the control of the Central Bank of Libya creates yet another level of instability in the country, a major oil producer that is split between eastern and western factions that have drawn backing from Turkiye and Russia.
The UN Support Mission in Libya early this week called for the suspension of unilateral decisions, the lifting of force majeure on oil fields, the halting of escalations and use of force, and the protection of central bank employees.

Topics: Libya