Businessman Husni Bey has put forward a proposal to curb the parallel market, explaining in a post on his Facebook page that the Central Bank of Libya should start by offering at least $50 million in a daily/periodic public auction.
According to the proposal, the top 20% of the value would be allocated to the highest bidder (in price and efficiency), while the remaining $40 million would be divided equally among all who accept the highest offered price. This would equalize allocation prices and close the pricing gap among participants.
The concept aims to unify the exchange rate and reduce the parallel market gap by transparently injecting hard currency at a declared reference price. This would encourage dealers to adhere to a single price ceiling and limit speculation.