LIBYA Central bank’s reserves running out


AEuropean diplomatstatedhis concerns aboutthe economic futureof Libya: "The countdown has started.At the current rateof spending,the Libyancentral bank has eighteenmonths ofreserves [left]."


February 18 th, 2015

As partof the mediationled by thespecialUN envoyfor Libya by BernardinoLeon, this budget ultimatumis astrong argumentto tryto speed up negotiations. The city of Misratastruggles to"breakthe Islamistblocand redirectsits strategybased onlocalmunicipalities," according to Leon.

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