Libya – Economic analyst Mohammed Darmish commented on the allocation of dollars through exchange companies. He considered the Central Bank’s assignment of exchange companies to distribute dollars an overreaction. He also called it an escape from finding appropriate solutions.
Darmish told the “Fawasel” platform that assigning exchange companies is an ill-conceived measure. It will lead to higher black market prices. The dollar’s price could reach 15 dinars by the end of 2026. This will happen if the current situation persists.
According to Darmish, appropriate solutions involve coordinating economic, commercial, and financial policy tools. An crisis management committee should also be formed. This committee would monitor developments.
Darmish stressed the need to set a suitable dollar price. This should be a maximum of 5 dinars for letters of credit and individuals. He also suggested raising individual allocations to $15,000 annually. Individuals would receive this amount throughout the year.