14 Hrs
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بوابة الوسط
Dollarization to Address Libya’s Economic Challenges
A report examines the controversy surrounding "dollarization," a term that refers to the increasing use of foreign currencies in the market, raising concerns about economic disruptions and the devaluation of the local currency. The report discusses the reasons behind its spread, such as the weakness of local currencies and high inflation, and explores its impact on financial stability and price levels. It also highlights that experts warn that expanding the use of foreign currencies could hinder efforts to control inflation and lead to increased foreign exchange reserves, emphasizing the need to implement policies to regulate this phenomenon.
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