Libya Business Council launches reform initiativeBy Sami Zaptia. London, 24 July 2020:The Libyan Business Council announced yesterday the launch of a reform initiative and ‘‘platform’’ to support the private sector. The meeting called for the need to support the private sector, standardize the exchange rate and look into high prices. Unifying the foreign exchange ratesThe Tripoli CBL was also urged to standardize and unify the official exchange rate for hard currency sales. The second official exchange rate is at about LD 3.65 per dollar for the opening of LCs for imports on the permitted import list.

Source: Libya Today July 24, 2020 13:07 UTC