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Exclusive: The Central Bank Issues Instructions to Banks Stating That the Prevailing Exchange Rate of the Dinar Is the Rate Set by Its Board Decision

Our source obtained, exclusively, a circular from the Central Bank of Libya addressed to commercial banks, stating that the prevailing exchange rate of the Libyan dinar is the rate determined by the decision of the Bank’s Board of Directors, at approximately 6.36.

According to the Central Bank, the fee imposed on foreign currency does not apply to requests submitted through the dedicated coverage request system prepared for that purpose.

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