Libya Monetary transition from the dinar to the Libyan pound... Reflection on the exchange rate The Libyan dinar falls to its lowest level and then rises slightly in the parallel markets (Black Market) against the dollar, with a marked slowdown in the growth of the Libyan national economy, which has become a weakness of the Libyan dinar. The volatility of the value of the Libyan dinar fluctuated with the weakness of the Libyan dinar exchange rate against foreign currencies, especially the dollar because of the dinar peg to the dollar, which became the reference of the dollar to the dinar as a basis of commercial transactions rather than the strength of the value of the Libyan dinar. The result is that, the slower growth of the Libyan economy has declined with the value of the dinar, and the decline in the dinar in value resulted in the decline in purchasing power, causing a drop in the exchange rate of the Libyan dinar. The Libyan dinar has maintained the current le...
رمزي حليم مفراكس رجل اعمال ليبي / كاتب ومحلل اسياسي وافتصادي والعلاقات الدولية Ramzi Mavrakis / Businessman / Political & Economics Writer