By Sami Zaptia.
London, 9 February 2021:
UNSMIL confirmed yesterday that for the first time since the 2014 Libya Dawn militia coup in Tripoli against the then newly elected parliament (the House of Representatives), Libya has a unified budget.
This comes after the outgoing Faiez Serraj administration decreed on 3 February a two-month interim budget for 2021.
UNSMIL reported that agreement on the budget was reached through its mediation, with the support of international financial institutions and the Economic Working Group of the Berlin Process, who brought together relevant Libyan parties from both sides of the country to work out an agreement.
The parties agreed to a two-month budget rather than a full year to allow for the newly formed Government of National Unity (GNU) to decide on the full budget for 2021.
Argentina's central bank on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the outflow of its own international currency reserves.
The central bank of Argentina on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the leakage of its own international currency reserves.
Argentina's central bank on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the outflow of its own international currency reserves.
By Sami Zaptia.
Prices are expected to decrease by 35-45 percent next year after the LD exchange rate was unified (Photo: Sami Zaptia).
London, 22 December 2020:
Prices of goods and services in Libya will decrease next year from 35 to 45 percent and citizens will enjoy an increase in their purchasing power because of the end of the hard currency black-market, Misbah Akkari, a member of the Central Bank of Libya’s (CBL) Exchange Rate Adjustment Committee told Libyan television on Saturday (19 December).
Akkari, former chairman of Libya’s largest bank, Jumhuriya bank, said this will be the result of the devaluation and unification of the Libyan dinar’s official exchange rate starting on 3 January.