Cash for Sale in Libyan Markets

By John Lee.

There’s an excellent piece by Nabih Bulos in the Los Angeles Times, on the foreign exchange markets in Libya.

The strategy for making profits here is simple“, he says. “It’s a matter of exploiting both the scarcity of money as well as the difference between the official exchange rate, where a dollar buys 1.4 Libyan dinars, and the black market rate“.

Full article here.

No comments yet.

Leave a Reply