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Al-Sharif Warns of Dinar Devaluation Due to Currency Drain
Economics professor at Benghazi University, Ali Al-Sharif, warned of the ongoing decline in the value of foreign currency due to the significant increase in documentary credits, which reflects a continuous drain on foreign reserves. He pointed out that a large portion of these credits suffers from misuse or evasion, adding more burdens to the national economy and negatively impacting the exchange rate and financial stability.
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