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The rate of ‘‘customs dollar’’ to be used for calculating customs duties set at LD 2.12 per dollar – applies as of tomorrow

bySami Zaptia
March 13, 2021
Reading Time: 2 mins read
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By Sami Zaptia.

(Libyan Customs Authority).

London, 13 March 2021:

The Libyan Government has set the exchange rate of the U.S. dollar for purposes of calculating the customs tariff on imports at LD 2.12 per dollar, the Customs Authority confirmed today.

The Authority also announced that this will go into operation as of tomorrow, Sunday 14 March.

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

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Tags: Customs Authoritycustoms dollarexchange ratefeaturedInflation cost of livingLibyan dinar devaluation
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