The Central Bank of Libya revealed exclusively to our source hat the difference between the dollar against the 20 and 5 dinar notes exceeded 850 dirhams. This gap was due to demand for the dollar from these denominations, which will end on October 1st, meaning speculation will decline by 850 dirhams. This will directly reflect on the dollar exchange rate for other currency denominations, with the Central Bank continuing to sell foreign currencies to banks at a faster pace.
The Central Bank also clarified that all observers expect the dollar to gradually and sharply decline in the last week of September, and that it will begin taking more effective measures to stabilize market conditions.
