Libya’s central bank drops dollar purchase fees to 163%

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Reuters reports that the Libyan Presidential Council on Tripoli of the Government of National Accord (GNA) announced on Tuesday that it will cut the fee on sales of dollars and other foreign currencies to 163% from August 04.

The GNA, together with the Central Bank set the fee at 183% in September 2018, effectively devaluing the Libyan dinar to bridge the conversion gap between the official and far bigger black market.


Via Reuters

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