Official source says $1.2 billion for personal purposes to be injected in October
Libya – A senior source at the Central Bank of Libya has outlined a work plan that includes injecting $3 billion, saying the target dollar rate is below 9 dinars.
Fiscal reforms and salary unification
Speaking to Al-Masar television on Wednesday, the source said the measure would be reinforced by unifying the salary scale and carrying out fiscal reforms. The bank would accept a reasonable deficit if oil revenues fell short of the target, the source added, noting that $1.2 billion would be injected next October to settle personal-purpose transactions.
