Libya's dinar has plunged to record lows, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya (CBL) devalued the currency by 13.3% on April 6, setting the official rate at 5.5677 dinars per U.S. dollar—the first such move since 2020. However, the black-market rate has soared to over 7.
20 dinars per dollar, reflecting deepening economic instability.? In a modest sign of recovery, Harouge Oil resumed production at its Amal Fields B-102 well, pumping 1,500 barrels per day. While this development…Libyan Oil Revenue Decline, Unrest Send Dinar Plunging
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