The Ministry of Finance has said that Libya’s foreign currency reserves will continue to diminish from 77 billion dollars in October 2019 to 63 billion dollars if the closure of oil installations and ports continues until next June.
The Ministry clarified in its January report that the Libyan reserves may fall to its lowest level of 2016 when they were recorded at 63 billion dollars.
The report attributed the stability of foreign exchange reserves until last October to the stability of oil revenues and the stability of demand for foreign currency due to the fee that was imposed on foreign exchange sales.
Economy
