The Libyan Audit Bureau published its annual report, which indicated that the state achieved during 2021 revenues of 105 billion dinars compared to a value of expenditures of about 86 billion dinars, for the first time in the history of Libya. However, this was not the result of income growth, but rather because of the Central Bank of Libya, adjusting the exchange rate and reducing the value of the Libyan dinar against the dollar from 1.33 to 4.45 dinars per one dollar.
According to the report, the state’s oil revenues in foreign currency amounted to about 22.9 dollars that were deposited in the state’s accounts at the Central Bank of Libya, and foreign transfers amounted to 24.5 billion dollars, indicating that the demand for foreign exchange still exceeds the state’s revenues in light of the current exchange rate of 4.5961 dinars per one dollar.