Libyan economy on verge of collapse because of oil shutdown: Former banker

By Sami Zaptia. London, 22 July 2020: A former official at the Libyan Foreign Bank (LFB), Mohamed Hamuda, said that the country’s continued oil blockade will lead to further austerity measures in the coming period by the Tripoli-based Libyan government. Speaking on Libyan TV on Saturday, Hamuda explained that the suspension of Libya’s oil exports … Continue reading Libyan economy on verge of collapse because of oil shutdown: Former banker