Tripoli government temporarily suspends foreign exchange sales surchargeBy Sami Zaptia. London, 4 January 2021:The Tripoli Libyan government yesterday suspended temporarily its decision (No. 1300/18) to impose a foreign exchange sales surcharge. Previously, a foreign exchange sales surcharge had been in operation to help attract cash into banks to solve the country’s liquidity crisis and to help reduce the budget deficit. However, the official exchange rate had been abused and led to corruption and a suppression of the private sector.

Source: Libya Herald January 04, 2021 14:48 UTC