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عين ليبيا
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عين ليبيا

2026-11-04T14:47:25.000Z

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عين ليبيا

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Dinar Devaluation Effects

Dinar Devaluation Effects

Mohammed Darmish believes that decisions to devalue the Libyan dinar and change the exchange rate—including the latest move to unify it this year at 6.40 dinars to the dollar—have failed to achieve their goals and weakened the currency’s real value. He says these policies have driven up the prices of goods and services and production costs, inflated the budget, and harmed employment and the assets of the state and banks, while worsening the decline in per capita income and the housing crisis. He recommends avoiding a repeat of ill-considered decisions and developing a strategy that coordinates monetary, trade, and fiscal policies.

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