Whilst the catastrophic flooding that last month struck the eastern Libyan city of Derna has failed to bring together the country’s rival governments (MEES, 13 October), the one move towards national unity of recent times was August’s announcement that the Central Bank of Libya has been re-unified for the first time in almost a decade.
With the Tripoli-based central bank the sole repository of the country’s lifeblood oil export earnings, which in turn have constituted almost all of state revenue, it is safe to presume that the unification deal guarantees that the country’s rival eastern authorities receive part of the spoils. (CONTINUED - 673 WORDS)
