16 Hrs
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الشرق الأوسط
Libyans worry over dinar decline
Libya is facing a severe economic crisis due to the depreciation of the dinar against the dollar. The exchange rate in the parallel market has reached 9.98 dinars per dollar, resulting in rising commodity prices and a decline in the purchasing power of citizens. This reflects an widening gap between the official and parallel markets, as well as increasing pressures on Libyans' standard of living. The value of the local currency continues to deteriorate amid disturbances in monetary policy management, raising concerns that the currency's decline could accelerate further unless measures are taken to address the root causes of the crisis.
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