libyan dinar: Over the weekend the Libyan dinar collapsed 7% against the US dollar and for the first time was trading at six to the dollar on the black market, according to The Guardian. The official rate is 1.4 dinars to the dollar 1.74 to the pound . Libya crisis talks held in London as economy nears collapse Read more Western leaders and financial institutions including the World Bank intervened directlyintervene directly in Libyan economic decision-making this month, bringing politicians and technocrats to meetings in Europe to hammer out an agreement. The credibility of Fayez al-Serraj government of national accord GNA is waning despite the support of the US, France, Italy and the UK, and its leadership has been unable to unite the country. As a result of meetings in Rome and London, it was agreed that a Libyan economic plan for 2017 would be published by 1 December. Serraj has been trying to oust the central bank governor, Saddek al-Kabir, who has resisted Serraj demands to release funds to help fund his government and public services. It is likely to include as yet unspecified measures on the currency and the lifting of fuel subsidies.
(news.financializer.com). As
reported in the news.
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