The Libyan businessman, Husni Bey, said on Thursday that the dollar exchange rate fell below 4.97 dinars in the parallel market, adding that it will continue to fall to 4.80 dinars, while noting that it could amount to less than 3 dinars within 18 months.

“This can be achieved only through removing wife and children’s allowance together with the subsidies, increasing the minimum wage to LYD 750, and allocating a state budget that must not exceed LYD 75 billion,” Husni Bey said.