Libya’s powerful central bank governor is fired as country's deep divisions persist

Published on: Monday 19 August 2024

One of Libya's dueling authorities unilaterally fired the country's powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country. The presidential council in the capital of Tripoli, which is allied with the government of Prime Minister Abdul Hamid Dbeibah that controls western Libya, removed Gov. Sadiq al-Kabir, according to a decree issued late Sunday. In his place, the council appointed Mohamed Abdul Salam al-Shukri, an economist and former deputy governor, as the new governor for the Central Bank of Libya.

News source: https://finance.yahoo.com/news/libya-powerful-central-bank-governor-112823337.html

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Libya’s powerful central bank governor is fired as country's deep divisions persist