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Libya’s central bank suspends operations after director kidnapped
This week, Libya’s central bank condemned the kidnapping of Musab Msallem, who was in charge of information technology.
Msalem was allegedly abducted from his home in the morning by unidentified persons, which caused tension among other employees of the bank, leading to the bank’s decision to suspend operations until Msalem is released.
The central bank, which operates independently but is controlled by the Libyan government, is the only repository for funds from the country’s oil products, which make up a large part of the economy, which has been in political trouble for a long time and has two rival governments.
According to AFP, the kidnapping of the governor of Libya’s Central Bank occurred a week after the bank was also besieged by armed men.
AFP said that according to Libyan media reports, the militants did this to force the bank’s president, Sediq Kabir, to resign.
Since 2012, Kabir has been criticized for mismanaging revenue and misappropriating the state budget.
Libya, which has been the head of state since Muammar Gaddafi was killed in 2011, faces insecurity and is split into two parts due to the tolerance of the regime. There are currently two governments, one of which is recognized by the United Nations and is based in Libya. The other is in Tripoli and operates in Benghazi in the east of the country and is supported by the forces of General Khalifa Haftar.
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