UN Warns Libya’s Banking System at Risk of Collapse

over 4 years in theepochtimes

UNITED NATIONS—Libya’s banking system “will likely collapse” if the country’s two parallel central bank branches do not unify and stalled political talks could unravel a ceasefire, the U.N. special envoy to the country warned on Thursday. Oil-rich Libya descended into chaos after the NATO-backed overthrow of leader Muammar Gaddafi in 2011. It has been divided […]

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