{"id":255617,"date":"2025-12-02T17:31:13","date_gmt":"2025-12-02T15:31:13","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255617"},"modified":"2025-12-02T17:31:13","modified_gmt":"2025-12-02T15:31:13","slug":"libya-al-sanusi-central-bank-exchange-rate-warning","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/libya-al-sanusi-central-bank-exchange-rate-warning\/","title":{"rendered":"Exclusive: Al-Sanusi: &#8220;If the Central Bank Continues Its Irrational Policies, We Will See New Record Highs for the Dollar\u2026 The Governor Must Act and Adjust the Exchange Rate&#8221;"},"content":{"rendered":"\n<p>Economic expert <em>Mohamed Al-Sanusi<\/em> told our source in an exclusive statement that the rise of the dollar in the parallel market is expected \u2014 and that we may witness new, unprecedented levels if the Central Bank continues its irrational policies and continues \u201cselling illusions to the public.\u201d<\/p>\n\n\n\n<p>He added: \u201cWe all remember how the Central Bank misled people into believing the dollar would drop below 7 dinars after withdrawing the 50- and 20-dinar banknotes.\u201d<\/p>\n\n\n\n<p>He continued: \u201cIt is very clear that the Central Bank allocates a monthly quota of foreign currency to sell in the form of letters of credit and personal transfers. For this reason, at the start of every month it approves LCs and personal purposes, then stops halfway through the month and waits for the next month to approve requests again.\u201d<\/p>\n\n\n\n<p>He added: \u201cThe Central Bank is repeating the same mistakes of the previous governor, who spent more than five years watching the gap between the official rate and the black-market rate widen without taking action \u2014 until it was far too late.\u201d<\/p>\n\n\n\n<p>According to <em>Al-Sanusi<\/em>: The Central Bank must take urgent steps before year-end. First, it must provide sufficient cash liquidity to banks to replace the liquidity withdrawn through the removal of the 50-, 20-, and 5-dinar notes. Second, if no budget is approved for next year with spending lower than expected revenue, then the Central Bank will have no option but to cancel the tax and adjust the exchange rate to the level that allows it to meet demand for foreign currency and eliminate the black-market gap.<\/p>\n\n\n\n<p>He added: \u201cIf the Central Bank continues watching the gap grow between the official and black-market rates, moving extremely slowly, and believing that divided political actors will suddenly agree and corruption will decrease and all revenues will be transferred \u2014 the Bank will soon be unable to meet demand. If the solution now is a 20% devaluation of the dinar, then delaying action will turn that into a 50% devaluation \u2014 and with every delay the cost will be greater.\u201d<\/p>\n\n\n\n<p>He concluded: \u201cFor more than a year, the Governor has tried his best to maintain the value of the dinar and give time for divided actors to end the split, unify spending, and transfer all revenues to the Central Bank. But I believe this is enough \u2014 he must now act and adjust the exchange rate to protect reserves, which belong to the current and future generations. Draining them will leave us at the mercy of international institutions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic expert Mohamed Al-Sanusi told our source in an exclusive statement that the rise of the dollar in the parallel market is expected \u2014 and that we may witness new, unprecedented levels if the Central Bank continues its irrational policies and continues \u201cselling illusions to the public.\u201d He added: \u201cWe all remember how the Central [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[628,800,613],"class_list":["post-255617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank","tag-dollar","tag-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=255617"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255617\/revisions"}],"predecessor-version":[{"id":255619,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/255617\/revisions\/255619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/255618"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=255617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=255617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=255617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}