Our senior source at the Central Bank of Libya revealed exclusively: “We have the ability to bring the parallel market under control, keeping the dollar below 7 dinars, following the resumption of licensed exchange offices and companies. These are not mere signals, but part of a well-organized plan being developed for this purpose.“
The source added: “Market regulation is not difficult. We will support the operations of exchange offices to help control the market at a level set by the Central Bank. The profit margin set for companies and offices — at 7% over the official rate — provides attractive earnings for those committed to operating within a legal and regulated framework.
In the initial phase, the sale price from exchange offices would be around 6.80 dinars per dollar, generating profits of approximately 740,000 dinars per every one million dollars sold — a compelling return that encourages legal and organized operations.“
He further stated: “We do not want to disclose our full plan until after the upcoming meeting with exchange offices and companies. There are measures we’re withholding for now as they serve as defense lines for exchange rate stability.“
