22 Hrs
Source:
عين ليبيا
Libyan Dollar Market Gap Reaches Billions
The article addresses the exchange rate crisis in Libya and its impact on the economy, explaining that the gap between the official dollar price and the market rate generates economic rent amounting to approximately 75 billion Libyan dinars annually. This arises from discrepancies of up to 3 dinars per dollar on annual sales of about 25 billion dollars. Experts confirm that addressing and reducing this gap helps restore the real value of the currency and promotes a more equitable distribution of wealth. They emphasized the importance of enhancing transparency and implementing exchange rate reforms to limit rent-seeking practices and direct resources more effectively toward citizens and essential services.
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