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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.

Libya

European Interference in Libya Could Derail U.N. Efforts

The United Nations is preparing a new diplomatic push to reconcile feuding parties in Libya. The war-torn country will be a major topic at the upcoming U.N. General Assembly this month and Secretary General Antonio Guterres is set to convene a high-level meeting at which he will present a new action plan on Libya. The new plan, though, could be sabotaged from the start. Political maneuvering by several European states focused on narrow national interests has undermined U.N. diplomacy in Libya in recent months. Absent European unity and support, the U.N. effort will likely falter.

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