CBL: We sold 238 million dollars for Libyan families since February 2016
The Central Bank of Libya (CBL) has announced that the program, which allows each family member in Libya 400 dollars at the official bank exchange rates, was a great success.
According to the CBL chart that was issued on Wednesday, the Libyan commercial banks sold 238 million dollars for the Libyan families at the official bank exchange rates until May 16.
The official bank rates range from LYD1.40 to LYD1.44, while the black market exchange rates are set ablaze with the one dollar reaching LYD8.35.
The CBL’s program kicked off last February and aimed to alleviate the tension and rising of prices at the black market, but the market’s rising rates kept on ascending regardless.
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