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MEDIA COVERAGE & PRESS

Press

Latest news, insights, and commentary from Farhat Bengdara.

Covering finance, central banking, energy policy, agriculture, and investment across Africa, the Middle East, and Europe.

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When Farhat Bengdara arrived at Libya's National Oil Corporation, a dispute between the country's two rival power centers had frozen output for months. The institution itself had no agreed leadership that both sides would accept. Bengdara was the compromise both sides settled on.


 
 
 

A currency peg can be reset in an afternoon. The market underneath it takes longer to believe. Libya just relearned that. On Jan. 18, the central bank cut the dinar 14.7% against the IMF’s Special Drawing Rights, the second such cut in under a year. The parallel rate didn’t wait for the announcement. It had already crossed nine dinars to the dollar the week before, and it barely moved once the cut landed. Importers and pensioners kept paying the street price regardless of what the new official number said.


 
 
 
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