Prices will decrease by 35-45 percent because of dinar devaluation: CBL expertBy Sami Zaptia. Akkari, former chairman of Libya’s largest bank, Jumhuriya bank, said this will be the result of the devaluation and unification of the Libyan dinar’s official exchange rate starting on 3 January. Was the exchange rate too high? No external interference in setting new LD exchange rateAkkari denied circulating speculation that there had been interference in determining the new exchange rate by any number of people or entities. He said that Tripoli CBL Governor Sadek El-Kaber, Ali Hibri, and Acting UNSMIL head Stephanie Williams, did not have a role in determining the new exchange rate.

Source: Libya Herald December 22, 2020 21:45 UTC