Libya’s eastern authorities shut oilfields over CBL governor row
Move follows second attempt to storm central bank in capital Tripoli
The authorities in eastern Libya announced on August 26 that they were shutting down oilfields in response to attempts by the rival authorities in western Libya to remove the central bank governor by force.
Claudia Gazzini, a senior analyst for Libya at non-governmental organisation International Crisis Group, tells Central Banking that the Central Bank of Libya (CBL) had halted operations over the weekend and that they had yet to resume.
According to the Libya Observer, the presidential council –
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Inflation in Turkey drops in October
However, pace of disinflation remains slow
Lebanese central bank increases withdrawal allowances for month
Equivalent of two monthly payments allowed in view of Israeli attacks
Three-quarters of UK financial firms use AI – BoE’s Breeden
Deputy governor previews survey result in speech on AI’s financial stability risks
Lebanese central bank urged to allow more cash withdrawals
Depositors unable to draw on savings as Israeli incursion continues
Vix spike in August not driven by actual volatility – BIS
Latest bulletin explains how widening bid-ask spreads drove up the index
IFC to boost local currency financing in Nigeria
Central bank signs agreement intended to unlock more than $1 billion of funding in coming years
IMF lowers growth projection for Middle East and North Africa
Fund says conflict and cuts in oil production are main factors behind its revised forecast
Emerging markets resilient amid global shift, governors tell panel
Smaller economies better placed to intervene during crises, say central bank heads