How necessary is the central financial institution to Libyan politics?

International Courant

Management battle between rival governments results in suspension of oil manufacturing.

Libya’s central financial institution, which manages billions of {dollars} in oil revenues, is on the middle of the nation’s newest political battle.

The financial institution’s governor has fled the nation, fearing for his life.

Two rival governments have been battling for energy, affect and management over Libya’s huge oil reserves for a decade.

This week, the internationally acknowledged authorities within the West changed the governor of the central financial institution.

The federal government within the east, which controls many of the oil fields, objected and halted manufacturing.

So how will this newest feud have an effect on the economic system? And can it push Libya nearer to civil battle once more?

Presenter: James Bays

Visitors:

Faraj Najem – Historian and political researcher

Claudia Gazzini – Senior Libya Analyst on the Worldwide Disaster Group

Mustafa Fetouri – Unbiased Libyan tutorial