23 Hrs
Source:
عين ليبيا
Libya Imports Over 90 Percent of Needs
Libyan markets are facing a worsening economic crisis characterized by fluctuations in the prices of essential goods and ongoing disruptions in fuel distribution, especially in southern regions. This situation is primarily due to a heavy reliance on imports, conflicts over market regulation, and smuggling practices. Prices are largely linked to the dollar exchange rate, which has recently stabilized at 6.5 dinars, although profit margins and additional costs frequently lead to rising prices. Poor distribution management and fuel smuggling exacerbate the problem. Meanwhile, governments are moving towards boosting production and developing long-term projects aimed at diversifying sources of income and achieving economic stability.
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