Share Comment on this story CommentCAIRO — Libya’s central bank announced Sunday its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two rival administrations, in the east and the west. The bank said the meeting crowned efforts by Libyan parties and marked the unification of the bank. Al-Kabir and Rahil said they would continue their efforts to address repercussions of the yearslong division, according to the statement. The oil-rich North African country has been split between a U.N.-supported government in Tripoli, and rival authorities based in Sirte. Sunday’s announcement, which was welcomed by rival administrations in Libya, came 19 months after the bank started a unification process, commissioning the London-based accounting firm Deloitte to oversee the process.

Source: Libya Today August 20, 2023 13:03 UTC