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flag Libya devalues dinar 14.7% amid economic pressures; new port project aims to boost trade.

flag Libya's central bank devalued the dinar by 14.7% against the IMF's SDR on January 18, 2026, setting the rate at 0.1150 SDR per dinar, citing declining oil revenues, political instability, and rising spending. flag The move, the first of the year, aims to stabilize the economy amid ongoing financial pressures. flag Separately, Prime Minister Abdul Hamid Dbeibah announced a $2.7 billion foreign-funded project to expand Misurata’s port, targeting 4 million annual container capacity and boosting Libya’s role as a regional logistics hub.

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