How important is the central bank for Libyan politics? | Economy and Business


Leadership dispute between rival governments leads to suspension of oil production.

Libya's central bank, which controls billions of dollars in oil revenue, is at the center of the country's latest political dispute.

The bank governor fled the country fearing for his life.

Two rival governments have been fighting for power, influence and control of Libya's vast oil reserves for a decade.

This week, the internationally recognized government of the West replaced the governor of the central bank.

The eastern administration, which operates most of the oil fields, objected and halted production.

So how will this latest dispute affect the economy? Is it pushing Libya once again to the brink of civil war?

Presenter: James Bays

Guests:

Faraj Najem – Historian and political researcher

Claudia Gazzini – Senior Analyst on Libya at the International Crisis Group

Mustafa Fetouri – Libyan Independent Scholar

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