Libya Devalues Dinar by 14.7%, Second Cut in Less than a Year

Libya Devalues Dinar as Oil Income Slips and Spending Rises

Libya’s central bank devalued the dinar by 14.7% […] The post Libya Devalues Dinar as Oil Income Slips and Spending Rises appeared first on The Media Line.

Libya devalues dinar by nearly 15 pct as oil revenues slide

TRIPOLI, Jan. 18 (Xinhua) -- Libya's central bank devalued the dinar by 14.7 percent against the International Monetary Fund's (IMF's) Special Drawing Rights (SDR) on Sunday, citing falling oil revenues and growing economic pressures. Read full story

Libya devalues dinar by 14.7%, second cut in less than a year

Libya's central bank announced a 14.7% devaluation of the dinar on Sunday, setting the exchange rate at 6.3759 to the U.S. dollar, the currency's second such adjustment in less than a year, citing the nation's political and economic turmoil.

Libya Dinar Devaluation Shakes Economy Markets Now

The economy of Libya has gone into another phase of crisis following a drastic currency adjustment given by the central bank. The 14.7 percent devaluation

Libya Devalues Dinar by 14.7% for Second Time in Less Than Year

Libya’s central bank announced on Sunday a 14.7% devaluation of the Libyan dinar, setting the official exchange rate at 6.3759 dinars per US dollar, marking the second currency adjustment in less than a year amid ongoing political and economic turmoil.

Libyan Central Bank Lowers Dinar Value by 14.7% in Policy Shift

Libya’s Central Bank has announced a 14.7% devaluation of the Libyan dinar, a move aimed at addressing mounting economic pressures and restoring monetary stability amid deep political divisions. In a statement issued on Sunday, the Central Bank of Libya said the dinar’s exchange rate was adjusted against the International Monetary Fund’s Special Drawing Rights (SDR), lowering its value from 0.1348 SDR to 0.1150 SDR per dinar. The decision follow…