A special source revealed to our source that the exchange rate of the dollar in the parallel market is expected to drop below 6.4 Libyan dinars this week.
It is worth noting that an agreement was reached between the Central Bank of Libya, the National Oil Corporation, with support from the Audit Bureau and the Public Prosecutor’s Office, to transfer oil revenues to the Central Bank on a daily basis. This arrangement has facilitated the Central Bank’s ability to cover foreign exchange requests starting today. The bank will continue to sell foreign currency at the same pace as on February 2 in the coming days.
