Libya central bank unifies exchange rate ...Kuwait

Libya's central bank announced the official exchange rate will be set at 4.48 Libyan dinars to the dollar, after holding its first full board meeting in six years.After its first full board meeting in six years, Libya's central bank announced on Wednesday a unification and devaluation of official exchange rates, a move that aims to fight corruption. The rate nationwide from January 3 will be 4.48 Libyan dinars to the dollar for "all public, private commercial and personal transactions in foreign currency", the Tripoli-based body said in a statement. Over the last two years, two official rates have been in effect: 1.4 dinars to the dollar for public sector transactions, according to a source

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