Dollar exchange rates drop sharply against Libyan dinar

BY Libyan Express Dec 25, 2018 - 20:44

Libyan dinar in exchange with dollars (Photo: Internet)

The exchange rates of foreign currencies in the Libyan black market fell sharply on Tuesday hours after the terrorist attack on the Libyan Foreign Ministry.

The black market saw the dollar fall into $1 to LYD4.27 after closing on Monday at LYD4.58 and closing last week at LYD4.70.

The US dollar has been falling in the black market from the start of December as cash in the bank has been increasingly available and as dollar transaction directly from the banks have been on the rise with $1 being exchanged for Libyan nationals to LYD3.90.

Over the last three years, the Libyan dinar has experienced a constant devaluation abasing foreign currencies with the dollar being exchanged at time for LYD10.

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