Libya’s Central Bank Governor proposes devaluation of dinar to USD

According to reports in the Libya Observer Central Bank Governor Al-Kabir suggested adjusting the exchange rate to between 5.95 dinars and 6.15 dinars per dollar, thus devaluing the dinar as the current rate stands at 4.80 dinars per a dollar. It comes as a decision by Al-Sidiq Al-Kabir to call on the the Speaker of the House of Representatives (HoR), as part of approving a unified government and unified spending plan and issuing a decision to devalue the dinar exchange rate to US dollar (USD) to address the current financial crisis.