How important is the central bank to Libya’s politics?

Inside Story

Leadership dispute between rival governments leads to suspension of oil production.

Libya’s central bank, which controls billions of dollars in oil revenue, is at the heart of the country’s latest political dispute.

The bank’s governor has fled the country, fearing for his life.

Two rival governments have fought for power, influence and control of Libya’s vast oil reserves for a decade.

This week the internationally recognised government in the west replaced the central bank governor.

The administration in the east, which operates most of the oil fields, objected and halted production.

So, how will this latest feud affect the economy? And is it taking Libya closer to civil war once again?

Presenter: James Bays

Guests:

Faraj Najem – Historian and political researcher

Claudia Gazzini – Senior Libya analyst at the International Crisis Group

Mustafa Fetouri – Independent Libyan academic

Read More

  • Related Posts

    Iran appoints new central bank governor after record currency fall and mass protests

    This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit…

    Proposal to ban Central Park horse carriages voted down by key NYC council committee

    This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit…

    You Missed

    Arrival of 600 new migrants on flotilla of mega-dinghies and inflatables shatters Labour’s claim to be getting a grip on the small boats crisis

    • By poster
    • February 18, 2026
    • 1 views
    Arrival of 600 new migrants on flotilla of mega-dinghies and inflatables shatters Labour’s claim to be getting a grip on the small boats crisis

    Two killed and multiple injured in mass shooting at Brown University as Ivy League campus is plunged into lockdown and students are warned to ‘RUN’ or ‘FIGHT’ while police hunt gunman

    • By poster
    • February 18, 2026
    • 0 views
    Two killed and multiple injured in mass shooting at Brown University as Ivy League campus is plunged into lockdown and students are warned to ‘RUN’ or ‘FIGHT’ while police hunt gunman

    Mass shooting sparks chaos at Brown University campus as mom reveals terrified text from son as students are urged to stay inside

    • By poster
    • February 18, 2026
    • 0 views
    Mass shooting sparks chaos at Brown University campus as mom reveals terrified text from son as students are urged to stay inside

    Parents’ fury after booking trips to Santa’s home in Lapland with travel giant TUI… only to find they’re in a Finnish town 300 miles away

    • By poster
    • February 18, 2026
    • 0 views
    Parents’ fury after booking trips to Santa’s home in Lapland with travel giant TUI… only to find they’re in a Finnish town 300 miles away

    Trump offers prayers for victims after Brown University shooting as campus remains locked down

    • By poster
    • February 18, 2026
    • 0 views
    Trump offers prayers for victims after Brown University shooting as campus remains locked down

    Andrew STILL can’t escape the shadow of Jeffrey Epstein: New photos from paedophile’s records also feature two US presidents and Woody Allen

    • By poster
    • February 18, 2026
    • 0 views
    Andrew STILL can’t escape the shadow of Jeffrey Epstein: New photos from paedophile’s records also feature two US presidents and Woody Allen