Big Picture Outlook

This week, Libya experienced both significant political progress and its usual stagnation. The High Council of State (HCS) and the House of Representatives (HoR) made headway in talks to unify sovereign institutions. The Central Bank of Libya (CBL) launched a series of initiatives in an effort to combat the black market. The Government of National Unity (GNU), under Prime Minister Abdulhamid Dabaiba, continued its typical theatrics instead of addressing national issues. Diplomatically, the United Nations Support Mission in Libya (UNSMIL) worked to maintain international consensus, while the American Chargé d’Affaires for Libya, Jeremy Berndt, conducted a diplomatic visit to Tripoli.

Key Highlights

  • The High Council of State (HCS) and the House of Representatives (HoR) agreed to appoint a new board to the High National Election Commission (HNEC) within 10 days.
  • Government of National Unity (GNU) Prime Minister Abdulhamid Dabaiba hired London-based public relations firm Whitehouse Communications.
  • An end of September deadline passed for Libyan citizens to return certain dinar denominations that will be then removed from circulation. 
  • The Central Bank of Libya announced it was distributing $1.7 billion to commercial banks across the country, and that it approved $2 billion in credit. 
  • The Libyan black market exchange rate for the Libyan Dinar lowered to 6.9 dinars per USD.
  • The United Nations Support Mission in Libya (UNSMIL) held a meeting of the Berlin Working Group in Tripoli. Ambassadors and diplomatic representatives for 16 countries and two international bodies attended the talks. 
  • American Charge d'Affaires for Libya, Jeremy Berndt conducted a diplomatic tour of Tripoli, meeting with figures like GNU Prime Minister Abdulhamid Dabaiba, and Presidential Council Chairman Mohammed al-Mnefi.

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