US EditionFormer Judicial Advisor: Libya at Risk of Financial Meltdown
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Former Judicial Advisor: Libya at Risk of Financial Meltdown
Jumaa Abdullah Bouzid, a former advisor at the Libyan Supreme Court, has issued a stark warning that Libya could be heading towards a comprehensive financial collapse, similar to those experienced by Iraq and Lebanon. This comes in light of what he described as “random economic decisions,” following the Libyan dinar’s depreciation by 13.3% against foreign currencies—a decision implemented on April 6, 2025, by the Central Bank of Libya’s Board of…
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