Kidnapping Freezes Libyan Central Bank Operations

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Libya’s central bank has suspended all operations after its IT director, Musab Msallem, was kidnapped in Tripoli. The bank condemned the abduction, stating that its employees have also faced threats, and operations will only resume once Msallem is released. This incident follows a recent siege by armed men at the bank, reportedly attempting to force the resignation of Governor Seddik al-Kabir. Libya, divided between two rival governments, continues to struggle with instability since the fall of Muammar Gaddafi in 2011. The central bank, vital for managing Libya’s oil revenues, is the only internationally recognized depository for these funds.

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