Impact of 900 Dinar Pension on Libyan Retirees
The article discusses the situation of retirees in Libya, where experts point out that their income levels are approaching the poverty line due to the decline in the purchasing power of the dinar and the rising prices of goods and services. One expert highlights that a monthly pension of 900 dinars is equivalent to about 100 dollars, with their daily income now reaching approximately 3.3 dollars. This figure is very close to the United Nations' threshold for extreme poverty, which is set between 2.5 and 3 dollars per day by 2025. The expert explains that the diminished ability to cover basic needs, resulting from the depreciation of real income, amplifies retirees' suffering and impacts their standard of living. This situation underscores the urgent need to reconsider pension levels to ensure they adequately meet fundamental needs amid current economic challenges.
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