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Libya's rival legislative bodies agree to end central bank crisis

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Libya's rival legislative bodies agree to end central bank crisis

26th September 2024

By: Reuters

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Representatives of Libya's rival eastern and western legislative bodies signed an agreement on Thursday to end a crisis over leadership of the central bank, nominating an interim governor and deputy.

The agreement could help to defuse a crisis over control of the central bank of Libya (CBL) and oil revenue that has sharply reduced oil output and exports.

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