Libyan Customs Authority issues exchange rates for other currencies to be used specifically for calculating customs duties

By Sami Zaptia.

London, 15 March 2021:

Following the decision by the Libyan government yesterday to set a specific exchange rate to be applied by the Customs Authority in calculating customs duties on imports, today it published the applicable exchange rate for other main currencies. [restrict paid=”true”]

1. US dollar – LD 2.12
2. Euro – LD 2.52
3. Pound Sterling – LD 2.95
4. Canadian dollar – LD 1.67
5. Saudi Riyal – LD 0.56
6. Emirati Dirham – LD 0.57
7. Tunisian Dinar – LD 0.76
8. Moroccan Dirham – LD 0.23
9. Turkish Lira – LD 0.28
10. Egyptian Pound – LD 0.13 [/restrict]

The new mechanism is being introduced to offset the inflationary effect of the new exchange rate and dinar devaluation.

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