22 Hrs
Source:
عين ليبيا
Central Bank Reports Deficit Coverage Why Foreign Assets Drop
Economic expert Mukhtar Al-Jadeed questioned a contradiction in the Libyan Central Bank's report regarding the financing of the $4.7 billion fiscal deficit, noting the decline in total foreign assets from $99.4 billion to $95 billion. He pointed out that the process of covering the deficit seems unclear, especially concerning the use of gold reserves and its impact on the reduction of assets. He called for clarification of the sources of funding, the mechanism of coverage, and their effect on foreign reserves, also questioning the role of gold in covering the financial deficit.
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