Bank & Insurance
Sadiq al-Kabir calls Central Bank of Libya meeting to devalue dinar to around 4,8 dinars/$

Sadiq al-Kabir calls Central Bank of Libya meeting to devalue dinar to around 4,8 dinars/$

The Central Bank of Libya (CBL), led by Sadiq al-Kabir, has arranged a board meeting for Tuesday or Wednesday to devalue the dinar.

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            ▪ Sadiq al-Kabir calls Central Bank of Libya meeting to devalue dinar to around 4,8 dinars/$

▪ The Central Bank of Libya (CBL), led by Sadiq al-Kabir, has arranged a board meeting for Tuesday or Wednesday to devalue the dinar.

https://www.jeuneafriquebusinessplus.com/en/806388/sadiq-al-kabir-calls-central-bank-of-libya-meeting-to-devalue-dinar-to-around-3-90/

15/12/2020 at 16h06, by Jeune Afrique Business+, updated 16/12/2020

According to our sources, the new rate is expected to be around 4,8 Libyan dinar per dollar. This devaluation was made inevitable by the gap between the official rate (1.35 dinar/$) and the black-market rate (5.77 dinar/$ on Sunday).

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