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Already worn down by years of political turmoil and economic hardships, Libyans are now facing a sharp deterioration in their purchasing power after a sudden devaluation of the Libyan dinar.

Moammar Gadhafi was on the run, but an acute shortage of Libyan dinar – the national currency – threatened to stop the revolution in its tracks. “I was willing to do anything to get the ...

The Central Bank of Libya (CBL) has issued an official directive to Jumhouria Bank, instructing it to refund over 18 million ...

Libya’s Central Bank has enacted a 13.3% devaluation of the national currency, setting the official exchange rate at 5.5677 dinars per US dollar. This marks the first such adjustment since 2020 ...

Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya (CBL) devalued the currency by 13.3% on April 6 ...

Libya’s central bank devalued the dinar by 13% as the divided OPEC member grapples with a decline in crude revenue that a plunge in global oil prices stands to worsen. The Libyan currency will ...

The Libyan banking source and the eastern government source both said an illicit dinar-printing operation was taking place in eastern Libya. Dinars are converted to hard currency either through ...

TRIPOLI Jan 4 (Reuters) - Libya's oil revenues rose to 105.5 billion Libyan dinars ($22.01 billion) in 2022 from 103.4 billion libyan dinars in 2021, the central bank said on Wednesday.

An investigation has been launched into why the floods were able to cause such devastation, he said, adding that 2.5bn Libyan Dinar (£412m; $515m) would be given to help rebuild Derna and the ...

The Libyan central bank earlier this month devalued the dinar by 13.3 percent, the second such move in five years. The exchange rate went up to 5.56 dinars to the US dollar from 4.48 -- while on ...