The current official exchange rate is LD 4.95 per dollar. They, meanwhile, deem the exchange rate being within the jurisdiction of the Management of the Central Bank in accordance with Law No. Libyan banking laws/regulations prescribe that only the CBL Board can set/adjust the LD exchange rate. El-Kaber does not have that power unilaterally and any LD exchange rate adjustment by him would be deemed unlawful. Deputy HoR head calls on State Council to install Shukri as new CBL Governor (libyaherald.com)HoR elects Mohamed Al-Shukri as new CBL governor; Hibri humiliated (libyaherald.com)CBL Governor Saddek Elkaber sacked again (libyaherald.com)

Source: Libya Today March 16, 2024 10:35 UTC