Libya Devalues Currency by 13% After Decline in Oil Revenue

Libya devalues currency for first time in four years amid fiscal strain

The exchange rate for the dinar has now been set at 5.5677 to the US dollar, effective immediately.

Libya Devalues Currency by 13% After Decline in Oil Revenue

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices stands to worsen.

Libya Adjusts Dinar Exchange Rate to Curb Economic Strain | The Middle East Observer

Libya’s central bank has announced a 13.3% devaluation of the dinar, setting the new exchange rate at 5.5677 to the U.S. dollar. This decision marks the first official devaluation since 2020 when the bank adjusted the rate to 4.48 dinars per dollar. As the nation grapples with a complex web of economic and political challenges, […]

Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions – The North Africa Post

The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]

Libya to offer 22 oil exploration blocks

Libya is to offer 22 oil exploration blocks in its first bidding round in more than 17 years, the state-owned National Oil Corporation (NOC) has said. The round includes 11 onshore and 11 offshore blocks, The Libya Observer newspaper reported. The decision was confirmed during the 11th meeting of the Supreme Council of Energy and Water Affairs held last week, which is headed by Prime Minister Abdulhamid Dbeibah. However, no exact timeline was gi…

CBL devalues Libyan dinar by 13.3 percent to LD 5.56 per dollar

‎The Central Bank of Libya announced yesterday, by virtue of its Board of Directors Resolution No. (18) of 2025, the devaluation of the Libyan dinar against foreign currencies by 13.3 percent As a result, the value of the Libyan dinar was adjusted from 0.1555 Special Drawing Rights (SDR) per Libyan dinar to 0.1349 SDR per Libyan […] The post CBL devalues Libyan dinar by 13.3 percent to LD 5.56 per dollar appeared first on LibyaHerald.