Libyan Dinar Continues to Fall

According to a report from Libya Herald, the Libyan dinar has fallen dramatically on the black market.

On the Tripoli market, one Libyan dinar was recently trading at 34 US cents ($1=LD 2.95), less than half of an official dollar-dinar rate of LD 1 = 73 US cents.

The drop follows the clampdown on foreign currency being available to Libyan businesses and travellers abroad, and is not seen as connected to fears about Libya’s political and security situation.

(Source: Libya Herald)

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