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Showing posts with the label Libya's management of foreign reserves: The problem of balance in parallel markets
Libya 's management of foreign reserves: The problem of balance in parallel markets In the context of the management of the financial crisis in Libya , causing a distress by foreign reserves; the Central Bank in the city of Tripoli could not achieve full flexibility in the exchange rate of the Libyan dinar to the actual value of the Libyan currency. That the demand for foreign reserves from all parties, the private sector and as well as the public on hard currency has increased to a large extent causing the balance loss between the official price of the Libyan dinar in the parallel markets. Foreign reserves of Libya 's official income are the oil and gas sector, which contributes to the increase in liquidity or decrease in the Libyan national wealth in the Libyan economy, the proceeds income in terms of the money that, is raised in the economy of Libya . The basic idea is the citizen's confidence in the policies of managing the exchange rate from the ce...