An official at the Central Bank of Libya denied to our source today, Saturday, the authenticity of the news that the Central Bank Governor Seddik Al-Kabeer and his deputy, Ali Al-Hebri agreed to reduce the exchange rate at the beginning of next May.
On Friday, a number of social media pages circulated rumors that Al-Kabeer and Al-Hebri agreed to reduce the dollar exchange rate from the Central Bank to 3.48 dinars, which means by reducing one dinar from the previous price, at the beginning of next May, which was denied by the Central Bank official confirming that it is incorrect news.
Some economic analysts believe that this is an appropriate time to reduce the dollar exchange rate in the Central Bank, especially with the rise in oil prices in global markets, and that this will help citizens to confront the rise in prices of basic commodities.