Libya is suffering an economic depression from the recent crisis, and there are fears of liquidity problems if the political crisis is not resolved. Libya's Finance Minister said that the government is going to double the interest rates to encourage citizens to put their money in banks rather than stored in houses. The decision to raise interest rates is an emergency procedure taken by the Government in recent weeks following the austerity to regulate the use of fuel and prevent citizens to withdraw money from their savings.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/amid-crisis-libya-plans-raise-interest-rate
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