Libyan Central Bank Blames Rumors for Dinar Drop

The Central Bank of Libya is facing efforts to combat speculation on the Libyan dinar exchange rate, as it accuses traders and currency speculators of influencing the exchange rate through rumors and speculation. The bank has injected around $6 billion (approximately 38 billion Libyan dinars) during May and June 2026 to support the currency, continuing its efforts to improve exchange rate stability. Despite some relative improvements, the price gap between the official and parallel markets still causes fluctuations in the dinar's value, and the stability of the currency remains linked to political and financial developments. The bank has emphasized managing the exchange rate in a manner that aligns with the country's economic resources.

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