Professor of Economics at the University of Benghazi, Atia Al-Fitouri, stated in an interview for the “Economy+” program that the most that can be done is for the dollar to reach 4.5 dinars, unless the Central Bank of Libya raises the value of the Libyan dinar against the Special Drawing Rights (SDR) unit (the currency of the International Monetary Fund).

Al-Fitouri explained that the value of the Libyan dinar was reduced by 70% in 2021 against the Special Drawing Rights unit, which consists of five currencies. We rise with the increase in the value of the SDR unit and fall with its decrease, meaning that the decline in the official price reflects a decrease in the Special Drawing Rights unit against the dollar.