Al-Jubaiani: Dinar drops to 9.22

The decline of the Libyan dinar on the black market to 9.22 against the dollar brings to mind the conditions of the nineties, when a high exchange rate and deteriorating financial reserves affected citizens' purchasing power, despite the existence of a strong support system that experts at the time pointed out. Reports confirm that the depreciation of the currency is currently accompanied by rising basic commodity prices and a reduced ability for the state to protect low-income groups, thereby heightening the impact of the currency's decline on living standards.

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