No. 18



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."...