An economic expert said that the high exchange rate of the dinar against international currencies is an attempt by the Central Bank of Libya for speculation through major traders and businessmen in the parallel market and the banking law does not authorize the bank to speculate; also injection of sums exceeding $ 7.2 billion between cash grants to families and letters of credit to traders opened the door for major traders to speculate.
He pointed that the absence of a board of directors of the Central Bank questioned the legitimacy of the procedures for adjustment of exchange and stability which need a program of gradual economic reform and unifying the banking sector in east and west Libya.
