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Libya’s rival central banks reunite after civil war

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Libya's central bank has been become a single institution again, nearly a decade after it was split in two owing to the country's civil war.

It had been divided - like the country's government - into rival branches in the east and the west.

Its division made it difficult for Libya to have a coherent monetary policy and contributed to the sharp fall in its currency, the dinar.

Libya has been plagued by violence and political chaos since the overthrow and killing of long-time leader Muammar Gaddafi in 2011.

Source: BBC