The Central Bank of Libya called for the closure of unlicensed foreign exchange offices and tougher action against currency speculators as the Libyan dinar weakened on the parallel market. Governor Naji Issa urged security agencies to shut down unauthorized exchange businesses, electronic applications, and social media groups involved in foreign currency trading. Officials said illegal currency speculation harmed the dinar’s value and disrupted efforts to stabilize Libya’s financial system and official exchange market.
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Libya Targets Illegal Currency Trading
Business
18/05/2026
The Central Bank of Libya called for the closure of unlicensed foreign exchange offices and tougher action against currency speculators as the Libyan dinar weakened on the parallel market. Governor Naji Issa urged security agencies to shut down unauthorized exchange businesses, electronic applications, and social media groups involved in foreign currency trading. Officials said illegal currency speculation harmed the dinar’s value and disrupted efforts to stabilize Libya’s financial system and official exchange market.
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