Libya - 04

Libya: Record Crash for the Dinar: Continuing Economic Volatility

The Libyan dinar plunged to record lows this week on the black market, with shortages of foreign currency pushing the value of the US dollar up to almost 10 dinars. Though the exchange rate later hovered around the 8.3 dinars/dollar mark, the initial crash shocked Libyans and prompted much anxious commentary in media and online, with some making comparisons to Venezuela or even Zimbabwe.

To continue reading, please submit your contact details along with a short message below indicating what you'd like to learn more about and we'll get back to you.