By Libya Herald reporter.
Tunis, 5 . . .[restrict]June 2015:
The House of Representatives (HoR) President, Ageela Saleh, the only internationally recognized parliament in Libya, opened the new headquarters of the Central Bank of Libya (CBL) in the eastern city of Al-Beida Thursday.
He was accompanied by CBL Governor Ali Salam Hibri as well as a number of Representatives, a representative of the Abdullah Thinni government and head of Al-Beida city council.
Governor Hibri told the Libyan state news agency that the opening of the CBL in Al-Beida was evidence of the breakup of centralization which the country had suffered from for nearly 50 years and is part of Libya’s modern efforts to decentralize, and the expansion of executive powers to banks in Tripoli, Benghazi and Sebha.
However, Hibri went on to add that the CBL was a well-established institution that is indivisible which will remain as the financial core for Libya and the compass that will lead the country to prosperity.
The opening of the new HQ, he added, would contribute to the Libyan state exploiting all its economic capabilities in all eastern, southern and western regions.
It will be recalled that since the military takeover of the capital Tripoli by the GNC-Libya Dawn coalition last July, the legitimate government and parliament were forced to flee into exile to eastern Libya and open up bases there. [/restrict]