Bashagha asks Central Bank of Libya to reset exchange rate of the dinar

The Prime Minister designated by the House of Representatives (HoR) Fathi Bashagha has called on the Central Bank of Libya (CBL) to make adjustments to the current exchange rate of the Libyan dinar so the purchasing capability of the citizens can increase.

Bashagha told the Governor and the board of CBL in a letter on Tuesday that they need to change the exchange rates for the sake of Libyans.

He indicated that his government is ready to work with the CBL to strengthen national economy, financial and monetary stability, and improve the quality of life for all Libyans.

He added that his government, which is still not approved as a replacement of the Government of National Unity, promises to take all measures necessary to reduce inflation in a way that doesn’t affect people, and to work in accordance with the CBL’s policy regarding changing the exchange rate of the Libyan dinar.


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