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Libya Edges Closer to Economic Collapse as Currency Dives
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01.06.2015
Libya's public finances, wracked by a dramatic loss in oil revenue that has been exacerbated by a power struggle between rival governments, are foundering. The crisis has prompted the authorities in Tripoli, who control much of western Libya, to plan cuts to petrol subsidies, to delay public salary payments and to ban imports from cars to steel.
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