Tag Archives | Inflation

Libyan Dinar continues to Fall

By John Lee. A recent report has found that, since November, the Libyan dinar has lost 9.1 percent against the US dollar on the ‘parallel’ market, having already depreciated by 4.8 percent in the previous month. Swiss-based NGO REACH says that this has created further inflationary pressures in Libya. The full report can be downloaded […]

REACH, CMWG launch Price Monitoring System

Little is known about the present state of market systems in Libya. Relevant market dynamics are not fully understood by the humanitarian community, which in turn hampers the provision of an effective and efficient response to vulnerable population groups. In an effort to better understand market systems and to support the scale-up of cash distributions, […]

Will Libya Devalue its Dinar?

By Jason Pack for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. 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 […]

Delivery of New Bank Notes stokes Inflation Fears

By John Lee. Libya Herald reports that 400-million dinars worth of new bank notes have been delivered to the Central Bank of Libya (CBL), and another 600-million dinars is due to arrive in Tripoli within the next couple of weeks. The notes were reportedly made by a UK company, and their arrival is stoking fears […]

Libyan Economy to Shrink in 2014

By John Lee. A new report from the International Monetary Fund says that Libya’s economy is expected to shrink by 19.8 percent this year as a result of the security crisis in the country. This follows a 13.6 percent fall in GDP in 2013. A growth rate of 15 percent is predicted for 2015. Inflation […]

Libya struggles to revive economy year after uprising

Oil exports are approaching pre-conflict levels and international sanctions have been lifted, but four months after fighting ended, experts warn that Libya’s financial situation remains fragile. The new leadership has inherited an economy in disarray, plagued by the corruption and mood swings of deposed ruler Muammar Gaddafi and his clan, who controlled Libya’s key oil […]