UN effort to reunify Libyan central banks hits problems

One faction demands governor’s replacement as civil war weighs on oil and banking sectors

Central Bank of Libya, Tripoli
Central Bank of Libya, Tripoli
weisserstier/Wikimedia

A plan to reunify the central banks in civil war-torn Libya is facing difficulties, with one faction calling for the replacement of the Tripoli-based governor.

Sadiq Al-Kabir, governor of the Central Bank of Libya in the country’s capital Tripoli, is facing several other major problems. Al-Kabir is engaged in a public dispute with the head of the country’s powerful oil monopoly, while Libya’s banks are suffering severe liquidity shortages.

Libya has effectively had two central banks, each

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