The Libyan dinar has continued to lose its value in the black market as it has registered a new low on Tuesday reaching LYD9.10 for $1. This sharp drop came two days after the one dollar soared to LYD9 on Sunday, which was a new low for the Libyan dinar after it had been steady around LY8.25 and LYD8.50 for $1 over the last period. This comes as the Libyan Central Bank official rates remain as low as LYD1.370 for $1. Earlier this year the Libyan dinar witnessed considerable fluctuations ranging from LYD6 for $1 to LYD10 for $1, which was a record high for the devaluation of the dinar in the black market.

Source: Libya Observer November 07, 2017 20:03 UTC