23 Hrs
Source:
عين ليبيا
Libya faces livelihood crisis due to poverty and instability
Libya's economy is suffering from a severe crisis related to fluctuations in the dinar's exchange rate and the disconnection between the official market and the parallel market, which harms prices and trade, increases inflation, and deepens poverty among the population, with poverty rates exceeding 80%. Experts attribute this to poor resource management and the Central Bank's neglect of its true role, in addition to chaotic policies such as devaluing the dinar and imposing taxes and fees, all of which have led to declining living standards and increased monopolization. The recommendations emphasize the importance of coordinated fiscal, commercial, and economic policies, following a strategic plan to monitor the market, curb monopolies, stabilize the currency, and improve infrastructure over the coming years, with the aim of addressing the crisis and the rising cost of living in Libya.
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