Libya’s surging crude production cannot rescue its failing economy while rival political elites weaponize revenues and trigger severe inflation.
Browsing: Banking
Iran uses a “toll booth” strategy and Chinese yuan-based payment systems to bypass global sanctions and settle oil trade during the war.
“That it took six years to come up with this law is a national disaster. The restructuring of the banking system should be seen as only one workstream in the government’s broader reform program. The only way to resolve a banking crisis is to rebuild trust.”