The Central Bank of Libya exclusively revealed to our source that the official exchange rate against the US dollar has been set at approximately 6.36 dinars per dollar, alongside the abolition of the tax on foreign currency sales.
The maximum selling margin for exchange companies has been set at 4% added to this rate. The cash selling margin is 4%, while sales conducted via checks and transfers carry a margin of 2.5%, meaning that sales through checks and transfers are priced lower than cash sales.
According to the Central Bank, this decision comes amid the continued absence of a unified state budget, the growth of public spending at an unsustainable pace, and the persistence of dual spending outside disciplined financial frameworks, without due consideration for the absorptive and financing capacity of the national economy. This situation necessitated the adoption of a set of measures aimed at preserving financial and monetary stability and ensuring the sustainability of public resources.
