Tunisian town feels pinch from weak Libyan economy

By Libya Herald staff.

Tunis, 12 September 2015:

Further evidence of Libya’s struggling economy has emerged with complaints from an eastern Tunisian town . . .[restrict]that its sales to Libya are down by at least 30 percent so far this year.

Ridha Fourati, the head of the Sfax Chamber of Commerce and Industry has said that his town’s exports to Libya were down so sharply because Libyan businessmen could no longer afford to pay.

Part of the problem, said Fourati, was that Libyan banks were having difficulties making external payments . In addition, the value of the Libyan dinar was falling against the Tunisian currency.

[/restrict]