The Impact of Economic Variables on Libya’s Monetary Reserves

Abstract

This study examines the impact of local and international economic variables on Libya’s monetary reserves, with a focus on the role these reserves play in achieving financial and economic stability. The research aims to explore the nature of the relationship between key economic indicators—such as oil prices, exchange rates, government spending levels, and the volume of monetary reserves—and to analyze the factors influencing these reserves. It also investigates the policies and measures adopted by the Central Bank of Libya to preserve reserve levels. The study employs a descriptive analytical approach by reviewing and analyzing economic indicators in the context of both domestic and global variables. The findings reveal that monetary reserves are a fundamental component in maintaining national economic stability. Their management requires prudent policies and balanced utilization. Libya possesses strong monetary reserves, but sustaining economic stability demands comprehensive reforms and effective political cooperation.