The Governor of the Central Bank of Libya, Omar Al-Kabir, revealed the bank's return as a unified sovereign institution, after nearly a decade of splitting into two branches due to the conflict inside the country.
The announcement by Governor Siddiq Omar Al-Kabir at the bank's headquarters in Tripoli came after a meeting with Deputy Governor Marei Moftah Raheel and directors of the bank's branches in Tripoli and Benghazi.
Libya's central bank has split into branches in the west and east of the country since 2014 after a parallel administration emerged in the east as Libya divided due to the conflict in the country.
Commenting on the decision, Prime Minister of the Government of National Unity Abdul Hamid Dabaiba stressed, "This is an important milestone in order to enhance the performance of this important sovereign institution while continuing our commitment to integration and enhancing the transparency and disclosure procedures adopted by our government."
Source (Al-Arabiya.net Website, Edited)
