Turkish central bank signs MoU with Libyan counterpart

Turkey’s central bank on Monday signed a memorandum of understanding with Libya’s central bank, in a move that lays the groundwork for continued cooperation, state-run Anadolu news agency reported.

The central banks of the two countries are looking to "foster economic relations and strengthen financial cooperation between the countries’’ through the memorandum, Anadolu said, citing the Turkish central bank.

Turkey throws its weight behind war-torn Libya’s internationally recognised Government of National Accord (GNA), bolstering GNA forces against rival faction, the Libyan National Army (GNA), led by Field Marshal Khalifa Haftar.

In November, Turkey and the GNA signed a Memorandum of Understanding over maritime jurisdiction areas and military and security cooperation in a move that angered their regional neighbours, ratcheting up tension in the Mediterranean over energy resources and strengthening Turkey's ally in the oil rich North African country.