Libya is currently embroiled in a power struggle as tensions escalate between the internationally recognized government led by Prime Minister Abdul Hamid Dbeibah and renegade military commander Khalifa Haftar. The latest development in this ongoing conflict involves the Central Bank of Libya, which has now been pulled into the dispute.
The Central Bank of Libya plays a crucial role in the country’s economy, as it is responsible for managing Libya’s oil revenues and foreign exchange reserves. However, the bank has become a target in the power struggle between Dbeibah’s government and Haftar’s forces.
Haftar’s forces recently attempted to take control of the Central Bank’s headquarters in Tripoli, which is currently under the control of Dbeibah’s government. This move has raised concerns about the potential impact on Libya’s already fragile economy, as any disruption to the Central Bank’s operations could have serious repercussions.
The power struggle in Libya has been ongoing since the overthrow of longtime dictator Muammar Gaddafi in 2011, with various factions vying for control of the country. The involvement of the Central Bank in this dispute has heightened tensions and raised fears of further instability in the region.
As the situation in Libya continues to deteriorate, the international community is closely monitoring developments and urging all parties to seek a peaceful resolution to the conflict. The United Nations and other global organizations have called for dialogue and a return to political negotiations to prevent further escalation of the crisis.
The power struggle in Libya, which now involves the Central Bank, underscores the complex and volatile nature of the situation in the country. It remains to be seen how this latest development will impact Libya’s economy and stability, and whether a peaceful resolution can be achieved to end the conflict.
Source
Photo credit news.google.com
