The Central Bank of Libya (CBL) issued a statement on Monday denying adjusting the exchange rate of the Libyan dinar, stressing the continuation of work at the current exchange rate that was established under Board Resolution No. (01) of 2020. The Board of Directors of the CBL (parallel branch) in Al-Bayda announced earlier on Monday the adjournment of the Libyan dinar's exchange rate in a decision (No. 08) dated September 22 so that one US dollar became worth 4.26 dinars, compared to the CBL (in Tripoli) rate of 5 dinars. The statement said the new rate will be in effect starting October 16.

Source: Libya Observer October 04, 2022 09:48 UTC