Libya’s Monetary Crisis and Its Impact on Conflict and Refugees

Libya faces a severe fiscal and security crisis driven by the eastern parallel government under Khalifa Haftar, which has amassed unprecedented debt through unchecked monetary financing, reaching LYD 284 billion. This financial chaos not only destabilizes Libya but also supports external conflicts, particularly with the Wagner Group and the RSF, exacerbating regional instability and creating international security risks.

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