The impact of the deterioration of the global terrorism index on the stability of price and monetary conditions in Libya for the period (2003-2020)

Abstract

The Libyan economy is one of the economies most affected by political instability, as monetary and price indicators were affected by the deterioration of the Global Terrorism Index (GTI), as the index began to rise since (2013) after the increase in terrorist operations in Libya, as the index rose from (4,46) point in (2013), to (7,290) points in (2015), it was the highest impact of terrorism, so that Libya's ranking rose to the (9) globally. It had a negative impact on price and monetary variables, especially the monetary stability coefficient, and deflation trends continued for the period (2018-2020), as the index achieved negative values (-0.03%), (-0.39%), (16.61%) as a result of political instability and the decline in prices. The global oil industry, and the outbreak of the (Covid19) pandemic for the year (2020)