LBC discusses new unified LD exchange rate, to make recommendations for accompanying policy reformsBy Sami Zaptia. London, 5 January 2021:The Libyan Business Council (LBC) held a discussion session at its Tripoli headquarters yesterday on the decision by the Central Bank of Libya (CBL) to unify the Libyan dinar (LD) exchange rate. The discussion, attended by LBC members and economic experts and commentators, revolved around:What are the reasons for fixing the LD price at the value of 4.48 per US dollar? The negative effects of this decisionThe positive effects of this decisionThe LBC reported that the attendees also touched on the economic issue in general and the extent to which the private sector is affected by the current conditions. These will be also submitted to the competent institutions, and the LBC vowed to follow them up, and seek their realization.

Source: Libya Herald January 05, 2021 11:15 UTC