Libyan Central Bank Kidnapping Highlights Oil Wealth Rivalry
After the kidnapping of one of its employees and a rival government attempt to oust its head, the Libyan Central Bank on Monday said it had resumed operations, as a battle intensifies to control the financial institution that handles the country’s oil revenues. Libya’s Presidential Council, controlled by rival government forces in Tripoli, are jockeying with the rival government in the east–controlled by strongman General Khalifa Haftar–to insert their own central bank governor. Tripoli has attempted to force eastern-aligned…