Libya devalues currency for first time in four years amid fiscal strain

Libya’s central bank devalued the country’s currency by 13.3 per cent on Sunday amid ongoing fiscal strain.

The exchange rate for the dinar has now been set at 5.5677 to the US dollar, effective immediately.

This marks the first official devaluation of the currency since 2020 when the rate was 4.48 to the dollar.

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