The Libyan dinar has recorded an unprecedented decline against the US dollar in years, as the dollar has become equivalent to 8 Libyan dinars among social media platforms concerned with trading and buying foreign currencies.
The decline of the dinar against the dollar began since the disagreement between the Government of National Unity and the Central Bank of Libya, as the drop has recently intensified in light of the ongoing dispute over the legitimacy of the management of the Central Bank of Libya, and the announcement of the closure of oil as well as the halt of production and exports.
Concerns are rising among the people as the Central Bank crisis enters its second month, amid the failure of international mediation to resolve the crisis among the relevant parties.
Economy
