Fuel subsidies reached LD 60 billion, 30 percent of which is smuggled – therefore can invest just LD 5 bn in housing: CBL Governor Issa
[Libya Herald - Libya] - 15/07/2025
The Governor of the Central Bank of Libya, Naji Issa, said Libya’s subsidised fuel bill has reached 60 billion dinars (about US$ 7 bn), 30 percent of which is being smuggled out of Libya. This, he said, has had a significant impact on the Libyan economy, with salaries increasing every year, (…)
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