Libya's Central Bank Faces Turmoil Amid Leadership Change and Kidnapping

The firing of Governor Sadiq al-Kabir and the abduction of a key employee highlight deep divisions and security challenges.

Governor Sadiq al-Kabir was abruptly removed by the Tripoli-based presidential council, igniting political tensions.
Mohamed Abdul Salam al-Shukri has been appointed as the new governor, though his legitimacy is contested by eastern authorities.
Operations at the central bank were temporarily suspended following the kidnapping of IT director Musab Msallem.
The bank resumed activities after Msallem's release, but security concerns for employees persist.
Libya remains divided between two rival governments, complicating governance and financial stability.