VOL. XLII
No. 18
3-May-1999
LIBYA
And That Further Dinar Devaluation Is Expected
Dr. Zuleitini announced during the conference that theLibyan dinar is overvalued and that further devaluations are expected on theroad to a unified exchange rate. On 20 April, Dr. Zuleitini told Reuters that"we all agree that the Libyan dinar is overvalued and there is a lot moreto do. We have had a long-term policy not to borrow and incur no long-termdebts, which is one of the reasons for the strength of the dinar."...
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