The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, has raised alarms about escalating security threats to the bank, its employees, and its systems. This warning comes amid a backdrop of political instability and armed confrontations in Libya, particularly around the capital, Tripoli. During a crucial meeting with U.S. Special Envoy Richard Norland in Tunisia, Al-Kabir discussed the pressing security challenges facing the bank. Norland emphasized the importance of protecting the integrity of the Central Bank of Libya and warned against any forceful attempts to replace its leadership, which could jeopardize Libya's access to international financial markets.
The meeting highlighted recent violent clashes between armed groups in the Tajoura region, resulting in nine fatalities. These confrontations underscore the ongoing risks stemming from Libya's political stagnation, with armed factions vying for power amid a divided governance structure. The country currently faces two competing authorities: the National Unity Government led by Abdul Hamid al-Dabaiba in the west and the government of Osama Hammad in the east, creating a complex power struggle that hinders progress towards elections.
Activists have circulated rumors of a potential dismissal of Al-Kabir by the Presidential Council, raising further concerns about the stability of the Central Bank. The U.S. envoy reiterated that disputes over Libya's wealth distribution must be resolved through transparent negotiations, emphasizing the need for a unified budget based on consensus among various factions. As the situation evolves, many Libyans remain hopeful for a resolution through upcoming elections, despite the ongoing controversies surrounding electoral laws and governance.
