Libya devalues dinar by 14.7%, second cut in less than a year
Libya devalues dinar by 14.7%, second cut in less than a year
4 months ago
marketscreener.com
Libyan currency crisis worsens with fake notes, inflation and growing public mistrust
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Libya cuts currency value by nearly 15%: Many people are struggling to afford basic goods
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Libya devalues currency for first time in four years amid fiscal strain | Africanews
Libya devalues currency for first time in four years amid fiscal strai…
Apr 7, 2025
africanews.com
#FirstpostAfrica: Libya's currency is facing rapid devaluation. Reports say Russia has a role to play in it. According to reports, Russia printed and exported counterfeit Dinar notes to eastern Libya this year that were allegedly exchanged for real dollars on the black market or through local banks. Reports also say this illicit money has been used to fund infrastructure projects in east Libya and finance Russian mercenary activity. In June this year, the US sanctioned Goznak, Russia's state mon
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