Libyan central bank and presidential council sign deal to ease austerity

Central bank agrees to provide regular cash grants to families


One of Libya’s two central banks has agreed a package of economic measures with the country’s presidential council, including resuming regular cash grants to families.

But some observers expressed scepticism that the measures agreed would have a major impact on the Libyan economy, which has been strongly affected by the country’s civil strife.

Central Bank of Libya governor Sadiq al-Kabir met with Fathi Al-Mijibri, the deputy head of Libya’s presidential council and “government of national

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