Dinar Headed for Fall?

The collapse in Libya’s oil revenues has led to a major depletion of the country’s foreign currency reserves, and could lead to a devaluation of the Libyan dinar, according to a report from Libya Herald.

Over the past year, the currency has fallen from 1.25 to the dollar to 1.37, but on the black market a dollar can now buy 1.95 Libyan dinars.

(Sources: Libya Herald, XE.com)

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