Libya’s Rival Administrations Agree on Two-Year Roadmap to National Elections

Libya’s rival political administrations have agreed on a roadmap aimed at holding long-delayed presidential and parliamentary elections within two years, marking a potentially significant development in efforts to end the country’s prolonged political division. Representatives from Libya’s eastern and western political camps signed the agreement on Sunday at the headquarters of the United Nations Support […]

Libya Battles Cash Shortage Amid Counterfeit Banknote Scandal

Libya Battles Cash Shortage Amid Counterfeit Banknote Scandal

Libya’s fragile economy is facing renewed turmoil as the Central Bank of Libya launches an emergency recall of 50 and 20 dinar banknotes after uncovering a massive wave of counterfeit currency in circulation. Authorities say the fake banknotes many allegedly printed in Russia under a rival administration during the country’s political divide have triggered a […]