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
Libya's eastern administration said on Thursday it has lifted the oil production and export blockade it ordered over a central bank rift. According to reporting by AFP, the Benghazi-based administration announced, in a Facebook post, "lifting the force majeure on all oil fields and resuming production and exports", days after the country appointed a new central bank governor under a UN-backed deal between Libya's two rival administrations.
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