Libya – Analysts expect financial crisis due to Eastern Libya government selling 23 billion worth of bonds

Tripoli – Libya 13/03/2019

Political and economic analyst and researcher Salah Al-Bakoush confirmed that the Libyan government and central bank in Tripoli pay the salaries of all employees across the country. He also confirmed that the 23 billion worth of bonds sold recently by the Eastern Libya government is merely to fund military purchases for the Libyan National Army of Haftar, not to fund wages. He added that this matter will complicate the financial matters and cause a monetary decline in the Libyan financial market. In addition to that, he expects a major problem in the settlement of these loans with the commercial banks in Libya.