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Home Banking & Finance

Cash for Sale in Libyan Markets

17th July 2019
in Banking & Finance, Politics, Security
Every Family to Receive 1,000 dinars for Eid
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By John Lee.

There's an excellent piece by Nabih Bulos in the Los Angeles Times, on the foreign exchange markets in Libya.

"The strategy for making profits here is simple", he says. "It’s a matter of exploiting both the scarcity of money as well as the difference between the official exchange rate, where a dollar buys 1.4 Libyan dinars, and the black market rate".

Full article here.

Tags: featuredforeign exchangeforexLibyan Dinar

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