The Governor of the Central Bank of Libya, Saddek Elkaber, affirmed Libya needs to boost oil production to enact sweeping development plans and diversify an economy heavily reliant on energy exports.
Output needs to be at least 1.4 million barrels per day “if we want to make a shift in Libya’s economy,” Elkaber told Bloomberg.
One of the challenges facing the Libyan economy is also exchange rate of the Libyan Dinar against the U.S. Dollar, which Elkaber says is difficult to adjust to the movement due to “the political and economic conditions in Libya, especially in light of the constant threats, the closure of oil ports and withholding of its revenues, and parallel spending.”
“This was confirmed by the International Monetary Fund,” he added.
A joint patrol of the intelligence units of the Nabeul National Guard district and the…
In search of first place in the CAF Champions League final since 2019, Esperance sucedded…
President and Director General of the Export Promotion Center (CEPEX), Mourad Ben Hussein, confirmed that…
Agents from the National Security station in Msaken, and the emergency police patrol in Sousse…
An agreement was inked this Thursday, April 25, between the Ministry of Education and the…
In total, 57 low-income families in special situations were approved for the launch of…
This website uses cookies.