Lana News
Libyan News Agency
Latest News
LANA A sharp rise in the dollar exchange rate on the parallel currency market in Libya.
LANA Libya participates in the activities of the Pan-African Youth Leadership Conference in Addis Ababa.
LANA Hanna Tetteh meets with members of the Libyan Parties League
LANA The unity government comments on the Central Bank's statement: "Parallel spending" is a direct cause of the erosion of the dinar's value.
LANA The House of Representatives participates in the opening ceremony of the 150th General Assembly of the Inter-Parliamentary Union.
LANA Statement of the Government of National Unity on comparing parallel spending with development aspects and details of public expenditures
LANA The President of the Presidential Council meets with the Acting Minister of Foreign Affairs and International Cooperation.
LANA Tetteh meets with Greek ambassador.
LANA Tetteh meets with the Egyptian Ambassador.
LANA UN envoy calls on Libyan political leaders to embrace the spirit of Eid.

A sharp rise in the dollar exchange rate on the parallel currency market in Libya.

Pulbished on:

Tripoli, April 6, 2025 (LANA) - The parallel currency market in Libya witnessed a sharp rise in the dollar exchange rate in recent hours, with the dollar price jumping from 6.9 dinars to 7.33 dinars per dollar.

The parallel market is deepening growing concerns about the economic situation, especially in light of the ongoing political division. This situation could exacerbate the country's economic and living crises and increase inflation rates.

The Central Bank of Libya announced today, Sunday, an official devaluation of the dinar by 13.3%, to 5.5677 dinars per dollar. It warned of continued double-spending, which has contributed to widening the gap between supply and demand for foreign currencies, negatively impacting the stability of the dinar's exchange rate.

... (LANA)...