With Libya’s oil export revenue falling by $16.6bn to just $5.9bn for 2020 (MEES, 27 August) it should perhaps come as little surprise that the country’s foreign exchange reserves also collapsed.
The Libyan Audit Bureau’s 2020 annual report, released this week, revealed that the central bank’s forex reserves fell from $49.4bn at end-2019 to just $38.4bn by end-2020. (CONTINUED - 257 WORDS)
