Central Banking

Libya to unify foreign exchange system by 2001

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Libya plans to unify its two-tier foreign exchange system by the end of 2001 in a move that would also seek to protect foreign investors from fluctuations, a government minister said on Tuesday.Economy and finance minister Lajili Abdessalam Brini made the announcement at the start of a government-sponsored foreign investment conference, the first of its kind in Libya. "We believe we have now the means and the appropriate conditions to achieve a unified foreign exchange system very soon, probably

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