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.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
- Netanyahu: Amsterdam incident marks ‘Dangerous Development’ - November 09, 2024
- EU Approves €20 Million in Aid for Egyptian Armed Forces - November 09, 2024
- Lebanon looks to Algeria for diplomatic support in UN - November 09, 2024