Divided Libyan central bank holds peace meeting
Central bank’s first board meeting in five years agrees single exchange rate for war-torn country
Libya’s central bank held its first unified board meeting in five years today (December 16), and agreed one exchange rate for the war-torn country.
The central bank board agreed to a unified exchange rate from early January in all areas of the country, bringing official rates much closer to unofficial ones. If the agreement between the two central banks holds, it could prove a highly significant step in reducing Libya’s political and economic crisis.
Since 2015, Libya has had two central banks
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