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Libya's UN-backed PM welcomes int'l calls to unite central bank
From:Xinhua  |  2020-04-01 04:03

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TRIPOLI, March 31 (Xinhua) -- The UN-backed Libyan Prime Minister Fayez Serraj on Tuesday welcomed international calls to unite the divided Central Bank of Libya.

"The Head of the Presidential Council of the Government of National Accord welcomes the calls of international parties, the United Nations Support Mission in Libya, and the U.S. Embassy to Libya to unite the Central Bank of Libya, end the division, and convene the Bank's Board of Directors again to carry out its tasks that are defined by law," the UN-backed government said in a statement.

"In this regard, the Head of the Presidential Council of the Government of National Accord repeated his calls and efforts to unite the Libyan sovereign institutions, mainly the Central Bank of Libya," the statement said.

Libya is politically divided between eastern and western governments, including two central banks.

Libya's economy, which mainly depends on oil revenues, has been suffering due to repeated closures of oil fields and ports by armed conflict and protests.

According to the UN-backed government's National Oil Corporation (NOC), the country's daily oil production has dropped from more than 1.2 million barrels to less than 80,000 barrels, due to the closure of oil ports and fields by eastern tribal leaders in protest against the UN-backed government. Enditem

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