Libyan central bank reunification process begins this month

Libya’s two parallel central bank branches will formally begin the process of reunification this month, although progress will depend on the outcome of upcoming presidential elections, Tripoli’s central bank governor said. The Central Bank of Libya Governor Sadiq al-Kabir said on a recent trip to London that despite the uncertainty he hoped reunification, or at least the “first phase” of it, would happen by July. The Libyan central bank has been divided between western and eastern branches since 2014 after a parallel administration emerged in the east when the country split. Economic divisions…

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