The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, and the Deputy Governor, Marie Raheel, announced the unification of the CBL as one state sovereign institution.
Al-Kabir and Raheel vowed in a meeting Sunday to continue making efforts to address the effects that resulted from the period of division, while the CBL's media office said that the meeting in Tripoli came as an implementation of the efforts of unification following the national parties' support for the process.
The CBL was split into east and west managements and headquarters after the Dignity Operating started in Benghazi and Fajr Libya operation in Tripoli and the western region in 2014. Unification of the two headquarters started in 2020 after the failure of Khalifa Haftar's aggression on Tripoli.
Deputy CBL Governor Raheel was appointed by the House of Representatives to replace Ali Al-Hibri in last November.
It's noteworthy that the announcement of the Head of the Presidential Council, Mohammed Menfi, last July of a decision to form the National Committee to determine aspects of public spending and prepare financial arrangements helped set the scene for the unification of the CBL as the Committee included in its membership representatives of the House of Representatives, the High Council of State, Haftar’s forces, the CBL in Tripoli and Benghazi, the Audit Bureau, the Administrative Control Authority, and the National Oil Corporation.
