Will Libya devalue its dinar?
In Libya, devaluing the dinar is not about creating jobs, but stabilizing public finances, preserving foreign currency reserves and solving the ongoing liquidity crisis.
Nearly six years after the fall of Col. Moammar Gadhafi in 2011, the tally of political, social and security-related challenges facing Libya is considerable. International efforts to reconcile the deep political and institutional fragmentation between Libya’s rival political and military factions have stalled in recent months. Pockets of conflict continue to simmer in smuggling hotspots in western Libya, around oil ports and facilities in the oil crescent region, and in eastern Libya as the Libyan National Army forces of Field Marshal Khalifa Hifter continue to pummel jihadi forces in Benghazi and Derna.
Economic crisis
