Libya devalues currency for first time in four years

A seller counts Libyan currency inside an exchange shop in Benghazi, Libya September 1, 2021. Picture taken September 1, 2021. PHOTO|REUTERS

What you need to know:

  • The crisis was resolved later in September following an agreement signed by representatives of Libya's rival eastern and western legislative bodies. The agreement, facilitated by the United Nations, paved the way for the appointment of a new central bank governor.