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Libya Central Bank Governor, Other Bankers Flee to Avoid Militias

A picture shows a view of Libya's Central Bank headquarters in Tripoli on August 27, 2024. (Photo by AFP)
A picture shows a view of Libya's Central Bank headquarters in Tripoli on August 27, 2024. (Photo by AFP)
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Libya Central Bank Governor, Other Bankers Flee to Avoid Militias

A picture shows a view of Libya's Central Bank headquarters in Tripoli on August 27, 2024. (Photo by AFP)
A picture shows a view of Libya's Central Bank headquarters in Tripoli on August 27, 2024. (Photo by AFP)

Libya's central bank governor Sadiq al-Kabir said he and other senior bank staff had been forced to leave the country to "protect our lives" from potential attacks by armed militia, the Financial Times reported on Friday.
"Militias are threatening and terrifying bank staff and are sometimes abducting their children and relatives to force them to go to work," Kabir told the newspaper via telephone.
He also said attempts by interim Prime Minister Abdulhamid al-Dbeibah to replace him were illegal, and contravened UN negotiated accords on control of the central bank.
The crisis over the control of the Central Bank of Libya creates yet another level of instability in the oil producing country.
The UN Support Mission in Libya early this week called for the suspension of unilateral decisions, the lifting of force majeure on oil fields, the halting of escalations and use of force, and the protection of central bank employees.

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Lebanon, Israel Ceasefire Deal Will Take Place in Three Phases and ‘Simultaneous’ Withdrawals

Smoke rises following an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Tuesday, Nov. 26, 2024. (AP)
Smoke rises following an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Tuesday, Nov. 26, 2024. (AP)
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Lebanon, Israel Ceasefire Deal Will Take Place in Three Phases and ‘Simultaneous’ Withdrawals

Smoke rises following an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Tuesday, Nov. 26, 2024. (AP)
Smoke rises following an Israeli airstrike on Beirut's southern suburbs, known as Dahiyeh, Tuesday, Nov. 26, 2024. (AP)

Informed sources revealed to Asharq Al-Awsat that US-President elect Donald Trump agreed on the steps that President Joe Biden’s administration will take to ensure the success of the ceasefire agreement between Lebanon and Israel.

Israel approved the ceasefire on Tuesday night after Lebanon had already agreed to it.

The sources, which followed up on the negotiations for the 60-day truce, said the steps call for the withdrawal of Hezbollah fighters and their weapons from the South where the United Nations Interim Force in Lebanon is deployed. In return, Israeli forces will withdraw from southern Lebanon.

More negotiations through American mediators will take place throughout the process.

The sources told Asharq Al-Awsat that Trump “gave his blessing” to the process during his meeting with Biden at the White House two weeks ago.

A committee led by the US will oversee the implementation of the withdrawal. France, Lebanon, Israel and UNIFIL are also part of the committee.

Asharq Al-Awsat learned that Hezbollah’s withdrawal will take place in three 20-day phases. The first withdrawal will take place in the western sector.

It will coincide with an Israeli pullout from areas it occupied in that region. A strengthened Lebanese army force and UNIFIL troops will deploy in their place.

The second phase will cover the central sector and follow the same process.

The residents of the frontline southern villages will not be allowed to return to their homes immediately until they are deemed safe and after ensuring that no Hezbollah members or weapons remain there.

Residents of the so-called second and third line of villages south of the Litani River will be allowed to return to their homes immediately.

The source expected the US to play an “effective role” in the mechanism to oversee the withdrawal. It did not clarify whether any American forces will take part in the process.

It revealed that Britain and other countries will “exert special efforts to verify whether illegitimate weapons are being smuggled to Hezbollah.”

The five-member committee will not replace the tripartite committee already in place and that includes Lebanon, Israel and UNIFIL.