14 Hrs
Source:
الشرق الأوسط
Source: الشرق الأوسط
14 Hrsالشرق الأوسط
Source: الشرق الأوسط
14 HrsReady to play
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Living-cost pressures are mounting in Libya as prices rise and the dinar loses purchasing power, with economists describing the situation as “stagflation.” The dollar is trading at around 10.12 dinars on the parallel market, compared with an official average of 6.4 dinars. Food and beverage prices have risen 21.2% year on year, while the price of a kilogram of chicken has climbed by nearly 22% in a month. A parliamentary committee of experts is considering unifying the salary scale and ending fuel subsidies in favor of cash assistance. But experts warn that removing the subsidies could drive up transport costs and the prices of goods, and would not by itself stop fuel smuggling without stronger oversight and action against corruption.
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