The Central Bank of Libya revealed in an exclusive statement to our source that it is currently studying a mechanism for the operation of exchange companies and offices, by providing them with foreign currency both in cash and through direct transfers.
The Central Bank stated that once this package succeeds — including the withdrawal of the 20-dinar banknote, the launch of exchange offices, and the regulation and control of public spending — the exchange rate of the dollar will fall below 7 dinars. At that point, the Bank will be able to eliminate the 15% foreign exchange tax.
