Libya"s central banker ousted, sparking new power struggle in the east

Amid the ongoing civil war in Libya, the central bank in Tripoli has remained a symbol of stability, led by Sadiq al-Kabir since 2011. His tenure has seen the bank navigate through two civil wars and multiple changes in government, maintaining a unified currency for the country. The bank's resilience is notable, especially given the chaotic political landscape characterized by competing governments and factions. However, the recent ousting of al-Kabir has triggered a new power struggle, particularly benefiting the warlord controlling eastern Libya. This shift could further destabilize the already fragmented political situation in the country, as various factions vie for control over financial resources and influence. The implications of this power struggle extend beyond the central bank, potentially affecting the broader economic and political stability of Libya as different groups attempt to assert dominance in the wake of al-Kabir's removal.