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    How important is the central bank to Libya’s politics? | Business and Economy

    Team_NewsStudyBy Team_NewsStudyAugust 31, 2024 Latest News No Comments1 Min Read
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    Management dispute between rival governments results in suspension of oil manufacturing.

    Libya’s central financial institution, which controls billions of {dollars} in oil income, is on the coronary heart of the nation’s newest political dispute.

    The financial institution’s governor has fled the nation, fearing for his life.

    Two rival governments have fought for energy, affect and management of Libya’s huge oil reserves for a decade.

    This week the internationally recognised authorities within the west changed the central financial institution governor.

    The administration within the east, which operates many of the oil fields, objected and halted manufacturing.

    So, how will this newest feud have an effect on the economic system? And is it taking Libya nearer to civil conflict as soon as once more?

    Presenter: James Bays

    Friends:

    Faraj Najem – Historian and political researcher

    Claudia Gazzini – Senior Libya analyst on the Worldwide Disaster Group

    Mustafa Fetouri – Unbiased Libyan tutorial



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