Home / Politics / How did the Libyan army’s victories affect the political and economic situation in Libya?

How did the Libyan army’s victories affect the political and economic situation in Libya?

As soon as the militia of Haftar receded from western Libya, the economic situation witnessed some improvement through the decrease in the price of foreign currencies, especially the dollar, which witnessed a significant decrease in the parallel market, which positively affected prices and improved the living conditions of the Libyan citizen.

The liberation of the entire western region cast a shadow over the oil fields that have been closed by Haftar gangs and militias since last January, and this caused economic crises, due to a lack of state revenues and an increase in the price of foreign currencies against the Libyan dinar, where the National Oil Corporation confirmed the resumption of oil production in Elfeel Oil Field, The force majeure has lifted crude exports from the Alsharara and Elfeel fields from Monday.

Politically, the victories achieved by the Libyan army forces resonated in Western capitals, whose officials announced, in statements and contacts with the head of the reconciliation government, Fayez al-Sarraj, their support for the internationally recognized government of reconciliation, calling for the political agreement to be the reference and basis for any future negotiations or dialogue.

The most important of these positions is the position of the American administration, which was clear in its Foreign Minister and ambassador in Libya contacting the President of the Presidential Council, Fayez al-Sarraj, to announce its cooperation with the GNA and its support in combating terrorism as an important partner in this aspect.

The repeated statements issued in the past days by the American leadership in Africa, AFRICOM, also had an important role in confirming the continuity of cooperation in combating terrorism and terrorist elements in Libya, and in the Sahel and Sahara region, as a reliable partner.

NATO also had an important position, as it expressed its readiness to support the internationally recognized government, and its Secretary-General, Jens Stoltenberg, stressed that the internationally recognized GNA , and the coup leader Khalifa Hifter, can not be treated equally.

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