UNSMIL unveils some details of Central Bank of Libya auditing report

The United Nations mission in Libya published part of its report on the review of the work of the Central Bank, which it started three years ago, and it was handed over to the government last Thursday.

The report confirmed that no international debt was recorded on Libya, in addition to a decrease in foreign exchange by 8% since 2014, the year in which the division between political and financial institutions occurred, after the withdrawal of 15 billion dinars in 2016.

The report indicated that the dinar depreciated against the dollar by 300% last January, after adjusting the official exchange rate.

The new data indicated that Libya is highly dependent on oil; To feed the public treasury, revenues from crude oil sales accounted for 84% of the total funds generated in the reporting period.

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