The governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, proposed amending the exchange rate of the Libyan dinar against foreign currencies and imposing a 27 percent tax on foreign exchange.
The proposed increase follows a 183 percent increase in foreign exchange sales approved by the Government of National Accord in September 2018, bringing the official exchange rate to 4.8301 dinars to the dollar.
According to the letter, after imposing this percentage of the proposed tax, the exchange rate will be between 5.95 dinars and 6.15 dinars per dollar for all purposes, except for the sovereign and service sectors financed by the public treasury.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
