Dollar surges in exchange of Libyan dinar, hits LYD 6 for $1

Libya’s black markets have registered an unprecedented surge in the rates of the foreign currencies in exchange of the Libyan dinar on Saturday.

The one dollar has been sold for about LYD 6 at the black market reaching a record high that has not been reached before.

This fluctuation of exchange rates has been caused by the political stalemate and security violations in the country, leading as well to a near-collapse economy.

Meanwhile, the Presidential Council delegation, along with CBL and NOC delegations, attended Friday a meeting in Rome that aims at finding solutions to Libya’s economic collapse.