"I will inject as many dollars as possible to the extent it won't affect our Libyan dinar
BENGHAZI, Libya: A central bank set up by Libyan rebels has virtually no reserves, but plans to inject dollars into the economy to prop up the Libyan dinar
once funds pledged by Western powers arrive, the rebel economy chief said.
The Libyan dinar
is depreciating, with $1 trading at 1.85 dinars on the black market, compared to the official 1.2 dinar per dollar exchange rate.
No doubt, your first introduction to the new Libyan dinar
bill was as exciting as it was for me.
The trader said fuel shortages, a slowdown of goods arriving by sea, and the dwindling value of the Libyan dinar
had pushed up prices for many goods -- more than doubling in some cases.
The National Libyan Commercial Bank will enlist on the L ibyan bourse from Sunday where its shares will begin trading at 10 dinars per sh a re (US$1=1.270 Libyan dinar
), PANA learnt on the Libyan financial market.
Ayari said that a new property worth 4 million Libyan dinars
(1 Libyan dinar
= 1.27 Tunisian dinar) was discovered in Libya, and the Commission and BCT are leading the necessary investigations to recover the largest part of the stolen assets abroad.
The total value of transactions reached 17,005 Libyan dinar
(1.320 Libyan dinar
= US $ 1) focusing on trading of 1,363 shares, spread over 12 financial transactions.