Jalel Harchaoui

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Jalel Harchaoui holds a master’s degree in Finance from Université of Grenoble 2. He currently is a Ph.D. candidate in the department of Geopolitics of Université de Paris 8. His doctoral research focuses on the international dimension of the Libyan conflict.

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Libya

Libya's Monetary Crisis

To many Libyan households, the top security threat plaguing their daily lives isn’t the risk of being caught in the crossfire between contending militias, falling victim to a jihadi group, or being kidnapped for ransom. A more unrelenting consequence of Libya’s dysfunctional politics is its monetary crisis. The principal manifestations—chronic shortage of dinar banknotes, along with a weak valuation of the Libyan currency in the black market—first emerged in 2014. Unlike the ongoing civil war, which also began in 2014, the monetary crisis has consistently intensified through the months.