Posts Tagged ‘dinar’

Libya’s cash shortage crisis to end by early 2019, official says

  • 21 November 2018 - 18:26
Libya’s cash shortage crisis to end by early 2019, official says

The deputy head of the Presidential Council, Ahmed Meiteeg, Libya expects to end a long-running liquidity crisis by early 2019 as a foreign currency tax helps the official and black market exchange rates converge at less than 3 dinars to the dollar. Asked when the liquidity situation in the...

Libya imposes fees on foreign currency transactions

  • 20 September 2018 - 12:34
Libya imposes fees on foreign currency transactions

Libya’s government of national accord on Wednesday imposed a fee of 183 percent on foreign currency transactions, effectively devaluing the Libyan dinar to bridge the gap to the dominating black market. The move devalues the official rate of the dinar to the dollar for such deals to around...

Dollar sharply drops in Libya black market

  • 16 January 2018 - 14:53
Dollar sharply drops in Libya black market

The Libyan Dinar has gained the most value in the last five months on Tuesday as the black market started offering selling $1 for LYD7.80. The Libyan dinar has been for the last three months at least steadily valueless at 9.80 and 9.50 dinars per one dollar in the black market, leaving the...

Libya’s 2018 budget set at about 31 billion dollars as living conditions hit a new low

  • 30 December 2017 - 18:55
Libya’s 2018 budget set at about 31 billion dollars as living conditions hit a new low

The public budget for Libya in 2018 has been set at about 42.5 billion Libyan dinars, which is worth about 31 billion dollars at the official banking rates in the country, a source at the Ministry of Finance told The New Arab news website. The source, who requested to remain unnamed, added that...