A group of Libyan leaders agreed to take part in a meeting to be held on Monday night in Sicily. Like other European nations, Italy wants to contain the threat of militants based in Libya from carrying out terror attacks on its territory.
Despite the Central Bank of Libya officially controlling the exchange rate, the black market in the country plays a big role in the country's currency transactions. Until hard currency is available for all Libyans, not just businesses, the black market will continue to operate.
With the conflict entering its 8th year, the main political actors in Libya are trying to reach a settlement which has the potential to be the solution to the crisis. The latest attempt was done by France in cooperation with other countries.