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Fire Breaks Out at Central Bank of Libya in Tripoli

December 29, 2023
Fire Breaks Out at Central Bank of Libya in Tripoli
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A fire erupted in the building of the Central Bank of Libya in Tripoli today, Friday, with no casualties reported so far.

Libyan news portal Alwasat conveyed a brief statement from the General Electricity Company of Libya, announcing the disconnection of the power supply to the station feeding the Central Bank building.

The company also mentioned that their technical teams are heading to the site to handle any emergencies.

In a related development, an informed source stated that the Libyan Public Prosecution is currently inspecting the site of the fire and has commenced an investigation into the circumstances of the incident.

Recent reports have highlighted significant disputes between the Prime Minister of the Government of National Unity and the Central Bank of Libya’s governor, Siddiq Al-Kabir.

According to some sources, Al-Kabir has fled Libya for Turkey, causing disruption in Libya’s economic scene and leading to a substantial rise in the exchange rate of the US dollar against the Libyan dinar, as analyzed by experts.

Political analyst Jamal Al-Fallah commented that the rift between Al-Kabir and Dbeibah was evident recently, especially after the Central Bank governor announced an $11 billion deficit for the year.

Al-Kabir accused the Government of National Unity of squandering public funds and depleting foreign currency reserves from the Central Bank’s treasury.

Al-Fallah added that Al-Kabir, the Central Bank governor, had been threatened recently by influential figures and armed groups, following the disclosure of the $11 billion deficit.

Tags: LibyaTripoli
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