Libya's Central Bank Halts Operations After Official's Kidnapping

Aug 18, 2024, 12:26 PM

The Central Bank of Libya has suspended all operations following the kidnapping of Musab Msallem, the Director of the bank's Information Technology department. The bank announced it will not resume operations until Msallem is released. The incident highlights the ongoing political divisions in Libya. The Central Bank, based in Tripoli, is the only internationally recognized depository for Libyan oil revenues, making its operations crucial for the country's economy.