Eastern Central Bank wants Dinar Devaluation

By John Lee.

Libya Herald reports that the chairman of the Beida-based Central Bank of Libya (CBL), Ali Hibri, has again called for the Libyan dinar to be devalued, and wants to reduce subsidies on goods and energy.

The report suggests that, despite the existence of parallel institutions in the East and West of Libya, any devaluation would have to be agreed by both sides, as the alternative would be more chaos.

(Source: Libya Herald)

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