Libyan Central Bank to begin reunification process

There were two parallel central banks during the Libyan civil war controlled by the country’s rival factions.
MARWAN NAAMANI/AFP via Getty Images
A picture shows a real Libyan dinar (bottom) bearing the image of Libyan leader Moammar Gadhafi and a false one that bears the image of late Libyan revolutionary leader Omar al-Mukhtar at a market in the rebel stronghold city Benghazi on April 26, 2011. - MARWAN NAAMANI/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Central Bank of Libya will soon begin uniting the country’s competing financial institutions.

The bank's governor, Saddek Omar Elkaber, announced the “reunification process” yesterday, adding that the institution hired the US consulting firm Deloitte to help. The result will be one unified central bank in Libya. Elkaber called the news a “national achievement” in a press release.

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