Libya devalues currency amid deepening economic strain

Libya’s central bank has officially devalued the national currency by 13.3%, setting the new exchange rate at 5.5677 dinars to the U.S. dollar, down from the previous rate of 4.48 dinars. The change, effective immediately, marks the country’s first official currency adjustment since 2020. The devaluation comes as part of ongoing efforts to stabilise Libya’s […]