Report: US Federal Reserve Suspends Dealings With Libya’s Central Bank
The US Federal Reserve has suspended financial transactions with the Central Bank of Libya, including dollar dealings, amid concerns over the appointment of Fawzi Abu Khzam as governor, according to a report by French outlet Africa Intelligence. The suspension followed Abu Khzam’s assumption of the position on 22 October, replacing Naji Issa. The report said US authorities had raised concerns over the transparency of the leadership transition and the legal basis for the appointment, which was not approved by Libya’s House of Representatives until 2 November. According to Africa Intelligence, Abu Khzam took control of the central bank’s headquarters and offices in Tripoli while Issa was in Thailand attending the annual meetings of the International Monetary Fund and World Bank, which began…
