Libya''s finances ''precarious'': IMF

Libya''s financial situation remains precarious despite the end of fighting and the resumption of oil exports, the International Monetary Fund said Monday. But the IMF said the country''s economy "could recover quickly" as the security situation eases, after a 60 percent contraction last year during the bloody uprising that overthrew strongman Moamer Qadhafi.
The release of some of the estimated $150 billion in Qadhafi regime assets that were frozen abroad during the conflict has given the Central Bank of Libya (CBL) needed funds to intervene in exchange markets and support the dinar, and create a buffer for the government to keep paying civil servants.