CBL reviews foreign exchange regulations

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CBL reviews foreign exchange regulations

December 28, 2020 - 23:12
Written by: RabiaGolden

The governor of the Central Bank of Libya (CBL), Al-Sadiq Al-Kabeer, on Monday, discussed with the directors of the departments of the bank regulations related to the sale of foreign currency.

The CBL said in a statement that the regulations discussed during the meeting were based on decisions made by the bank’s board of directors regarding the amendment of exchange rates of the Libyan dinar, without giving clear details.

The Central Bank of Libya approved last week the recommendations of the technical committee and endorsed the new exchange rate of the Libyan dinar to US dollar to become 4.48 dinars per one dollar starting January 03, 2021.