Posts Tagged ‘dollar’

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...

Libya’s Central Bank to carry out economic reforms next week

  • 18 August 2018 - 13:50
Libya’s Central Bank to carry out economic reforms next week

The Central Bank of Libya (CBL) has announced that the economic reforms will be carried out next week in the country. The CBL, according to sources reported by The New Arab, was waiting the Presidential Council's approval after doing some legal checks regarding the taxes to be imposed on selling...

Turkey’s lira hits a record low against US dollar amid possible American sanctions

  • 1 August 2018 - 20:54
Turkey’s lira hits a record low against US dollar amid possible American sanctions

Turkey’s lira has weakened to a new record low against the dollar after a media report indicated that the US could be laying the groundwork for possible sanctions amid a diplomatic row between the two countries. The lira extended its fall to touch a new record of 5.00 against the dollar on...

US dollar against Libyan dinar skyrockets to near LYD8

  • 27 May 2018 - 15:56
US dollar against Libyan dinar skyrockets to near LYD8

The Libyan dinar has sharply dropped in value on Sunday starting in a hike from 6.60 on Friday to 7.75 per one US dollar on Sunday at the black market.  The Libyan dinar to US dollar exchange rates at the central bank are still at around 1.40 per one dollar. The new skyrocketing of exchange...

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...

Libya’s Central Bank announces $500 per family member in 2018

  • 21 December 2017 - 20:58
Libya’s Central Bank announces $500 per family member in 2018

The Central Bank of Libya (CBL) has announced the continuation of 2017 decision to allow Libyan families to buy dollars for the official bank rates with each family member getting 500 dollars in 2018 instead of 400 that was in 2017. The decision was issued on the CBL's official website Thursday,...