RE: LeoThread 2025-07-21 20:06

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They're all the same... We're all the same... The situation is getting worse and worse in Libya, and all I hear around me is people blaming those in Position of Authority for abusing their position. Blame, Blame, Blame!!

YOU DON'T GET TO DO THAT!!!

ANY CHANCE YOU GET TO GO AHEAD, EVEN AT THE EXPENSE OF OTHER PEOPLE, YOU ABUSE IT!! THE ONLY DIFFERENCE BETWEEN THEM AND YOU, THEM AND US, IS THAT THEY'RE IN AUTHORITY POSITIONS!!!

...Sigh... إن شاء الله خير~

leofinance
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What's happening in Libya? Hope all is well over there.

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Just the economy getting worse, a month ago, the street price of the USD was 7 LYD, last week it was 8 LYD, and today it's 8.3 LYD.

A few months ago, the banks made all the old 50 LYD bill papers obsolete , so people had to go to banks to replace them. Except, if you had huge amount of them, banks only gives you a portion of that in cash. The rest will get stuck in banks.

You can imagine the chaos, stores not taking the 50 LYD bills, these 50 bills are treated as less valuable during currency exchange, general confusion, looooong lines in banks.

This month, they're doing the same to 20 LYD paper bills.

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This is similar to what happened in Nigeria some time ago. The old currency notes were declared obsolete and people were asked to return old notes to the bank for the new notes. However, it's like a war and a period of suffering for the people. There was no cash in circulation and businesses were heavily affected. At the end of day, the old notes are still in used today.

It's also same thing with the Nigeria currency value against the US dollar, it keeps going up every day.

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