As far as approving an exchange rate of LYD 4.48 to 1USD is concerned, the Governor of Eastern Based Central Bank of Liba, Ali Al-Hebri, told Sada Economic Newspaper that this new official exchange rate is based on a study investigating all the imbalances of the Libyan economy.
Al-Hebri said that the exchange rate will be monitored and observed by an ad hoc committee meaning. Nevertheless, regular reports will be submitted to the council in order to make the necessary remedial action.
” The exchange rate will be accessible to all. Thus, a breakthrough with regard to liquidity crisis would be achieved,” he stressed, adding that the general budget will be in a state of equilibrium.