Libyan Central Bank During Crisis
The article traces the history of monetary policy management in Libya during the period of political division and economic crises, with a focus on the role of the Central Bank of Libya from 2014 to early 2024. It highlights key decisions such as the unification of the exchange rate in 2021, the policies adopted to maintain reserves, and the impact of division on the banking system, including the gap between the official and parallel markets. It also discusses challenges related to the explosion of the money supply, pressures on the foreign exchange market, and the consequences of fiscal and monetary policies on economic stability, along with an evaluation of the outcomes of these policies and their future amid increasing demand for the dollar and rising inflation. The article suggests that understanding performance requires assessing the results of policies instead of merely the level of reserves, and that sustainable stability requires effective coordination between monetary and fiscal policies, alongside a review of alternatives and measures taken amid the deteriorating economic situation.
Notice: This Is an AI-Generated Summary
Comments (0)