He reminded that he had warned three years ago of the dangers of parallel spending and called for its immediate cessation. The 300 billion parallel spending by the east has been absorbed as an official public debtAldabaiba reported that the volume of parallel spending by the east has exceeded 303 billion dinars and has been officially recognized as part of Libya’s public debt. Aldabaiba explained that most of the hard currency issued by the CBL is consumed by parallel spending in the east, driving up demand for the dollar. In other words, the eastern regime is using the LD over-liquidity in circulation (money supply) to be buy up all the dollars on the black-market at any cost – devaluing the Libyan dinar further and further. The CBL viewMeanwhile, while the CBL agrees with Aldabaiba that the eastern regime is engaged in parallel spending outside the budget, it blames the overspending by both government for Libya’s economic crisis.

Source: Libya Today February 21, 2026 06:02 UTC