The World Bank said in a report published Monday on Libya, entitled “The Economic Outlook for Libya in 2019”, that the decision to impose a fee on the sale of foreign currency by 183 per cent contributed to reducing speculation, smuggling, and in bringing down inflation rates, as well as taming increasing prices in the country.
The proceeds of fees on the sale of foreign currency have achieved a budget surplus by nearly 3.9 per cent of GDP; the first time for five years, according to the World Bank report.
