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Source:
عين ليبيا
Libyan dollar market faces new shift
The article discusses the changes in the foreign exchange market in Libya. It explained that the approach of the dollar exchange rate on the bond to its cash rate indicates a narrowing of the gap between the two, which is an important indicator of improved control over spending levels and a reduced demand for dollars through bonds. Experts pointed out that the decrease in the bond dollar price is linked to increased use of electronic payment means and a shift by citizens towards selling via bank transfers instead of cash sales, aiming for additional gains and facilitating transactions. Analyses confirmed that changes in the behavior of market participants and the volume of demand for the dollar are crucial in determining currency market trends, emphasizing the need to monitor these indicators to understand economic developments in Libya.
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