The Central Bank of Libya told our source exclusively that the Board of Directors will meet tomorrow for approval, and that the most important measures will target bringing the exchange rate in the parallel market below 8 dinars.
The Central Bank said the measures include launching the operations of exchange companies and allowing them to sell foreign currency based on demand, in accordance with the mechanism set by the Bank, including fast remittances, card loading, transfers, and other services.
It added that the exchange rate will be monitored in line with the ceiling set by the Central Bank, noting that market volatility is expected at the beginning, but that the rate will be brought below 8 dinars in the first phase.
