Libyans grapple with fresh currency devaluation

Experts have said the national currency's exchange rate decline came as a consequence of ballooning public expenditures by the country's rival governments in recent years. Libya has Africa's most abundant hydrocarbon reserves, but it is struggling to recover from years of conflict after the 2011 NATO-backed uprising that overthrew longtime dictator Moamer Kadhafi. It is currently divided between a UN-recognised government in the capital Tripoli and a rival administration in the east backed by general Khalifa Haftar...