The Central Bank of Libya stated, in an exclusive statement to our source, that its Board of Directors has approved important decisions today, which will be announced later. These decisions relate to the exchange rate, liquidity management, the mechanism for cash dollar sales, and the supply of large new quantities of foreign currency and Libyan dinars. The bank noted that these measures will have a direct impact on the exchange rate.
It added that the Board discussed exchange rate options in light of rising oil prices, improved revenues, and the unification of public spending, factors that are expected to strengthen the Libyan dinar in the coming weeks.
