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UN mission: Progress in talks on Libya’s central bank crisis

According to the mission, representatives of the two legislative councils agreed to continue consultations today, Thursday, to reach a final agreement.

The mission confirmed that progress had been made on the general principles governing the interim phase that would precede the appointment of a governor and a board of directors. To the Central Bank of Libya.

And it was Libyan House of Representativesheadquartered in Benghazi in the east of the country, and the Supreme Council of State in Tripoli In the West, they signed a joint statement last week after talks hosted by the United Nations Support Mission in Libya (UNSMIL). Libya.

The two sides agreed to appoint a central bank governor and board of directors within 30 days.

The Central Bank of Libya is the sole legal entity responsible for revenues. Libyan oilwhich pays the salaries of state employees throughout the country.

The crisis over the central bank began when the head of the Presidential Council in Tripoli moved last month to oust the central bank governor, big friendand replace it with a competing board of directors.

This prompted factions in eastern Libya to declare a halt to production. Oil Completely.

Some oil production has since resumed, and prices fell about 5 percent on Tuesday to their lowest in about nine months, a sign that traders expect the latest deal to increase oil flows.



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