Tag Archives | foreign exchange

Libyan Dinar continues to Fall

By John Lee. A recent report has found that, since November, the Libyan dinar has lost 9.1 percent against the US dollar on the ‘parallel’ market, having already depreciated by 4.8 percent in the previous month. Swiss-based NGO REACH says that this has created further inflationary pressures in Libya. The full report can be downloaded […]

Central Bank distributes $303m to Households

By John Lee. The Central Bank of Libya (CBL) has said that it has distributed more than $303 million to Libyan households from 12th February to 23rd May. The dollars were made available at the official rate of 1.4 dinars per dollar; the black-market rate is currently around 8 dinars per dollar. Individuals are entitled […]

IMF Comments in Dinar Devaluation

By John Lee. A new report from the International Monetary Fund (IMF) has said that the ongoing conflict in Libya has caused sharp depreciations in parallel exchange rates, reflecting security concerns and foreign exchange shortages. In its Regional Economic Outlook for the Middle East, the IMF adds that the country has improved regarding compliance with […]

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 […]