The United Nations Support Mission in Libya (UNSMIL) welcomed on Sunday the announcement of the finalization of the reunification of the Central Bank of Libya.
In a statement, the UN said it commended the CBL Governor Saddek Omar Ali Elkaber and Deputy Governor Maree Meftah Raheel to “take the announced measures to complete the reunification process and for committing to address the wider impact of the bank’s division.”
“UNSMIL hopes the CBL’s reunification will help create momentum towards unifying all the country’s political, security and military institutions as the people of Libya have long yearned for,” it concluded.
The division dates back to a 2014 power struggle that saw Libya divided between a United Nations-recognized government in Tripoli and a challenger in the east. The division impacted issues including the foreign-exchange rate and allocation of oil wealth in a country that’s home to Africa’s largest proven reserves.