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Libya central bank headquarters raided after governor resigns
Original: Libya central bank headquarters raided after governor resigns | Daily Sabah
Armed men raided the headquarters of Libya's central bank in Tripoli shortly after the resignation of governor Sadiq al-Kabir, according to Daily Sabah. The bank has been a focal point in Libya's power struggle, as it controls the country's oil revenues, and the resignation followed pressure from the presidential council. The raid raises fresh concerns over the stability of Libya's financial institutions and who will control state funds.
Why now: The central bank controls Libya's oil wealth, so any upheaval there has major implications for the country's fragile political situation.
Central Bank of LibyaLibyaSadiq al-KabirDaily Sabah
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