Libya Unifies Central Bank After Nearly A Decade Of Division

Amid ongoing political instability caused by rival governments, the Libyan Central Bank has announced that its two rival branches have unified after nearly a decade of separation over oil revenue distribution disagreements. On Sunday, the bank announced that the Tripoli-based branch backed by interim Libyan President Abdelhamid Dbeibah’s Government of National Accord (GNA) and the Benghazi-based branch backed by General Khalifa Haftar had “again become a unified sovereign institution” raising hopes for some sign of political stability. …