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LYD retreat against foreign currencies, why?

The Address | Benghazi – Libya

TRIPOLI – The value of the Libyan dinar (LYD) fell against foreign currencies Wednesday in the black market in the center of Tripoli, where the exchange rate of the dollar was about 4.40 dinars after yesterday’s drop to 4.27, while the euro exchange rate was 4.96 dinars in evening trading in the black market.

A number of economic experts attributed the reasons for the high foreign exchange rate in the black market to postponement of the decision of the Libyan Customs Authority not to allow the entry of goods except in accordance with the methods of payment approved by the Central Bank of Libya (CBL) to 1/6/2019.

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