Libya’s Ramadan festivities, marked by fireworks and family gatherings, have been dampened by soaring inflation, currency devaluation, and deep political divisions. Fifteen years after the fall of longtime ruler Muammar Gaddafi, the country remains split between eastern and western administrations. Despite vast oil and gas reserves, shortages of fuel and essential goods have disrupted daily life, with supermarkets rationing products and ATMs running out of cash in Tripoli.

Residents report worsening economic conditions, blaming currency traders for the dinar’s sharp decline. Prices of cooking oil have doubled, while meat and poultry costs have risen by about 50 percent. Gas cylinders, officially priced at 1.5 dinars, are selling for up to 75 dinars on the black market. The western central bank recently devalued the dinar by 15 percent for the second time in less than a year, a move Prime Minister Abdul Hamid Dbeibah admitted has increased public hardship.

UN envoy Hanna Tetteh warned that rising poverty and social pressure could combine with fragile security to create new political and security challenges. Analysts say the lack of a unified budget and reduced oil revenues continue to strain Libya’s divided economy.