Libya devalues dinar by nearly 15 pct as oil revenues slide
TRIPOLI, Jan. 18 (Xinhua) -- Libya's central bank devalued the dinar by 14.7 percent against the International Monetary Fund's (IMF's) Special Drawing Rights (SDR) on Sunday, citing falling oil revenues and growing economic pressures.
The bank said the decision was made during its first board meeting of 2026 on Wednesday, following recommendations from the Monetary Policy Committee. After the devaluation, the ex