The Libya dinar crashed further in value in the black-market against the major hard currencies as the security forces charged with guarding all of Libya’s oil installations, the Petroleum Facilities Guards (PFG), closed several oilfields pipes and installations. The dinar broke the LD 8 to the dollar today – the first time it has reached that rate for nearly 10 years. The PFG say they are demanding their legitimate rights as prescribed by a court ruling in 2007 – a ruling to which governments have not responded. They say they had warned him that if there was no response, the oil fields would be closed. Aldabaiba’s offer initially rejectedLate today Aldabaiba has issued a decree linking the PFG pay to a specific military paygrade.
