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Libya Central Bank operations resume post official’s release

After being abducted, Musab Msallem, the head of information technology at Libya’s central bank, has been released, prompting the bank to resume its operations. The bank had suspended all activities until his safe return. Following the incident, the central bank called for an end to such unlawful practices that endanger the safety of its employees and disrupt the banking sector’s operations.

The abduction of Msallem came shortly after armed men besieged the central bank’s headquarters, aiming to force the resignation of the bank’s governor, Seddik Al Kabir. Kabir has been criticized for his handling of Libya’s oil resources and state budget. The US Ambassador to Libya, Richard Norland, expressed concern over attempts to oust Kabir by force, warning of the potential consequences on Libya’s access to international financial markets.

This incident highlights the continuing political stalemate in Libya, where rival factions persist despite relative calm in recent years. With the release of Msallem and the central bank’s resumption of operations, Libya faces ongoing challenges as it seeks to rebuild and stabilize after years of conflict.

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