Libya records slight increase in oil production but decline in gas output
According to the latest figures from Libya’s National Oil Corporation (NOC), crude oil production saw a modest rise this
According to reports in the Libya Observer Central Bank Governor Al-Kabir suggested adjusting the exchange rate to between 5.95 dinars and 6.15 dinars per dollar, thus devaluing the dinar as the current rate stands at 4.80 dinars per a dollar. It comes as a decision by Al-Sidiq Al-Kabir to call on the the Speaker of the House of Representatives (HoR), as part of approving a unified government and unified spending plan and issuing a decision to devalue the dinar exchange rate to US dollar (USD) to address the current financial crisis.
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