Libyans reel from dinar devaluation
Libyans are facing rising prices and eroded purchasing power following April’s decision by the Central Bank to devalue the
UN-led talks on Libya's central bank crisis resumed amid an ongoing oil blockade, nearing its second month, which has significantly cut the OPEC member's output. Representatives from Libya's eastern and western administrations attended Wednesday’s negotiations in Tripoli, parliament member El-Hadi Elsaghir told Bloomberg by text message. Libya's rival factions have clashed since mid-August when the UN-recognized Tripoli government attempted to replace Central Bank Governor Sadiq Al-Kabir. Eastern authorities rejected the move, halting all oil production and exports.
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