23 Hrs
Source:
الشرق الأوسط
Libyan dinar suffers from militia unrest
Libya is facing a severe economic crisis related to the declining value of the Libyan dinar against the dollar, as its exchange rate has exceeded 9 dinars in the parallel market. This is the result of ongoing political and security divisions between the east and west of the country. This deterioration contributes to a decline in purchasing power and rising prices of goods, especially meats, which have increased significantly. Experts believe that the political and economic divisions, along with weak management of monetary policies, are the main reasons behind the currency's decline and the worsening living conditions for citizens. Despite efforts to unify the financial system and strengthen oversight of spending, the situation remains deteriorated, with divisions and their impact continuing to affect economic stability.
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