Libya's government faces forced currency devaluation
by Patrick Wintour Diplomatic editor from Economics | The Guardian on (#22A9S)
Fayez al-Serraj's administration faces credibility crisis over row with central bank on how to revive the economy
The government of near-bankrupt Libya faces the threat of a forced devaluation of the country's currency and an end to fuel subsidies, in a move that could spark a wave of popular anger and the fall of the teetering UN-backed administration in Tripoli.
The credibility of Fayez al-Serraj's government of national accord (GNA) is waning despite the support of the US, France, Italy and the UK, and its leadership has been unable to unite the country.
Related: Libya crisis talks held in London as economy 'nears collapse'
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