Libyan CBL Governor Leaves Libya Over Security Threats#Libya https://t.co/p6YUywnUmt
— Libya Review (@LibyaReview) August 30, 2024
The Governor of the Central Bank of Libya, al-Siddiq al-Kabir, has reportedly left the country along with other senior bank officials to protect their lives from potential attacks by armed factions, according to the Financial Times. In a phone interview with the newspaper, al-Kabir disclosed that Death Eaters have been threatening and intimidating bank staff, occasionally even kidnapping their children and relatives to coerce them into continuing work.
Al-Kabir also stated that the attempts by interim Prime Minister Abdel-Hamid Dbaiba to replace him are illegal and conflict with agreements brokered by the United Nations
...the Oyster Bay money pit...
concerning control of the central bank. This control crisis threatens to escalate instability in Libya, a major oil producer divided between factions in the east and the west, supported by
...the only place on the face of the earth that misses the Ottoman Empire...and Russia respectively.
Earlier in the week, the United Nations Support Mission in Libya called for a suspension of unilateral decisions, the lifting of force majeure at oil fields, a cessation of escalation, and the use of force, as well as for the protection of central bank staff.
Libya has been in chaos since a NATO
...the North Atlantic Treaty Organization. A collection of multinational and multilingual and multicultural armed forces, all of differing capabilities, working toward a common goal by pulling in different directions...
-backed uprising toppled longtime leader Muammar Qadaffy
...who single-handedly turned a moderately prosperous kingdom into a dictator's fantasyland and was then murdered by his indignant subjects 42 years later...>
in 2011. The county has for years been split between rival administrations. Unlike the US
Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.
The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...
have also faced dire conditions.
The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and imported muscle. The unification of the military and the removal of foreign forces are crucial challenges.
Related:
Central Bank of Libya: 2024-08-25 UN Mission Warns Against Military Showdown in Libyan Capital
Central Bank of Libya: 2024-07-29 Derna Court sentences former Deputy Governor of the Central Bank of Libya, Ali Al-Habri, to 15 years
Central Bank of Libya: 2022-02-08 Perpetrator of Libya’s Largest Bank Heist Arrested
Central Bank of Libya: 2024-08-25 UN Mission Warns Against Military Showdown in Libyan Capital
Central Bank of Libya: 2024-07-29 Derna Court sentences former Deputy Governor of the Central Bank of Libya, Ali Al-Habri, to 15 years
Central Bank of Libya: 2022-02-08 Perpetrator of Libya’s Largest Bank Heist Arrested