Country Report Libya April 2011

Economic policy: Opposition faces liquidity shortage

Mr Sharif, the governor of the Central Bank of Benghazi, has warned of a looming currency crisis, according to an April 5th report by the UK-based Financial Times. The Transitional National Council has paid public-sector salaries for February and March, but may not be able to meet its obligations for April if it cannot access Libya's foreign assets, the report said. The opposition leadership has introduced restrictions on bank withdrawals and capped salaries at LD750 (US$600).

© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
IMPRINT