The Head of the Audit Bureau, Khalid Shekshak, said all of the Libyan government institutions will see a tremendous improvement starting from February 03 as cash will be available at the banks and foreign currencies will drop in price at the black market. “Money will be allocated for the Libyan citizens studying abroad and for those who are receiving medical treatments abroad as well.” He added. “This sort of action would definitely resolve the shortage of cash and would put an end to the hegemony of the businessmen of the black market on the exchange rates of the foreign currencies against the dinar.” Shekshak explained. He indicated that it is expected that the exchange of foreign currencies at the banks would provide 18 billion dinars in cash for the banks. “We’ll cash that money out for them by the end of January.” He remarked.

Source: Libya Observer January 28, 2017 20:39 UTC