Libya Central Bank: Revenue from foreign exchange fees stands at 11.1 billion dinars

Alwasat - Cairo Mon 15 Jul 2019, 11:05 PM
alwasat radio

Libya’s oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the central bank said on Monday. 

Oil represented 92.8% of the country’s total income during the period, the bank said in a statement. 

Revenue from foreign exchange fees stood at 11.1 billion dinars, the bank said in a statement. It also listed on a chart an allocation of $2.096 billion for state oil firm NOC.

Libya’s internationally recognised government of national accord (GNA) in Tripoli imposed in September a 183% fee on hard currency transactions, effectively devaluing the Libyan dinar, in a bid to narrow the gap between official and black market rates.

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