Libya factions agree to appoint central bank governor in bid to ease crisis
Corrects throughout that the two legislative chambers do not represent different parts of Libya
CAIRO, Sept 3 (Reuters) - Libya's two legislative bodiesagreed on Tuesday to appoint jointly a central bank governor, potentially defusing a battle for control of the country's oil revenue that has slashed production.
The House of Representatives based in Benghazi, in eastern Libya,and the High State Council in Tripoli in the west signed a joint statement after two days of talks hosted by the U.N. Support Mission in Libya.
They agreed to appoint a central bank governor and board of directors within 30 days. Libya's central bank is the sole legal repository for Libyan oil revenue, and it pays state salaries across the country.
The two chambersalso agreed to extend consultations for five days, concluding on Sept. 9.
Libya has had little peace since a 2011 NATO-backed uprising and it split in 2014 between eastern and western factions. Major warfare ended with a ceasefire in 2020 and attempts to reunify, but divisions persist.
The House of Representatives parliament and the High State Council were both recognised internationally in a 2015 political agreement, although they backed different sides for much of Libya's conflict.
The standoff began when the head of the Presidency Council in Tripolimoved last month to oust veteran central bank Governor Sadiq al-Kabir and replace him with a rival board.
This prompted eastern factions to declare a shutdown to all oil production, demanding Kabir's dismissal be halted. The dispute threatened to end four years of relative stability.
Some oil output has since resumed, and oil prices dropped nearly 5% on Tuesday to their lowest levels in almost nine months in a sign that traders expect the latest agreement to get more oil flowing.
Libya's central bank has been paralysed by the battle for its control, leaving it unable to conduct transactions for more than a week. Underlying the issue is the country's fractured political landscape of rival governing institutions with tenuous claims to legitimacy.
Reporting by Hani Amara; writing by Adam Makary in Cairo and Yousef Saba in Dubai; editing by Mark Heinrich and Cynthia Osterman
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
