The Central Bank of Libya is studying the details of a new strategy with the aim of containing the parallel market and putting an end to speculation in foreign currencies, after the continued rise in exchange rates and the worsening monetary crisis.
It is noteworthy that the plan will be officially launched on October 1, 2025, after the end of the trading period for the 20 dinars, which was known for widespread speculation and money laundering, which led to a rise in foreign currency prices.
The Central Bank aims to:
Regulating the market and initiating the sale of currency to exchange companies after an important meeting that will be held on August 3 in order to establish the appropriate mechanism.
Breaking with corruption and the black market before the end of 2025 by adopting firm and new legislative measures in this regard.
Engaging in international measures to combat money laundering and following the international card movement.
High public spending continues with traders anticipating higher currency rates.
Selling $3 million a month to exchange companies, in addition to $1 million to offices and transferring it to their bank accounts.
Giving the right to sell currencies via quick transfers, card charges and cash sales according to a specified market margin.
While the exchange rate of the dollar in the parallel market exceeded 8 Libyan dinars, which shows the gap between it and the official price of about 5.44 dinars, with demands to unify monetary policies and put an end to the financial division among the institutions.
صحافة بلادي صحيفة إلكترونية مغاربية متجددة على مدار الساعة تعنى بشؤون المغرب الجزائر ليبيا موريتانيا تونس