A market observer in Benghazi told our source exclusively: “With the expiration of the 20 and 5 dinar banknotes on September 30, and expectations that the Central Bank will inject billions of dollars at the beginning of October.”
He added: “The announcement of launching ready-to-operate exchange companies, the ban on imports except through banking procedures starting from early November, and relative control over public spending by the Libyan government are all expected to contribute to a notable drop in the dollar’s price in the parallel market due to lower demand.”
He continued: “It remains unclear whether there is a direction to reduce the tax rate, which would be one of the direct factors influencing the dollar’s price in the parallel market.”
