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...
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...
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...
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Russia set up two military bases and sent troops on ground in east Libya
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Bank clerks intentionally delaying kickoff of Libya's economic reforms
Libya's eastern strongman insists he wants to secure elections and liberate Tripoli
