Crisis Over Central Bank Impacts Libyan Oil Exports

Libya's ongoing crisis has intensified around the control of the Central Bank of Libya (CBL), following a controversial decree by the Presidential Council to replace its Governor, Sadiq Al-Kabir, which has been deemed illegal by a court ruling. This political turmoil has affected the country's oil exports and could lead to further internal conflict, highlighting the lack of legitimacy in Libya's state institutions, particularly the House of Representatives and the High State Council. Despite their acknowledgment of a civil state and commitment to reforms, the House of Representatives' mandate from the disputed 2014 elections has expired, leading to accusations of power abuse by its speaker, Aguila Saleh. Concurrently, the United Nations has facilitated workshops aimed at enhancing the legislative authority in reforming Libya's security sector, emphasizing the need for unified governance and adherence to human rights standards. The leadership contest within the High State Council further complicates matters, reflecting ongoing divisions and challenges to its legitimacy. Overall, Libya remains on a precarious path as its political factions struggle for control amidst deepening crises.