Central Bank Plans Fresh Foreign-Currency Injection as Dinar's Parallel Rate Slides to LYD 9.65/USD

A Central Bank of Libya (CBL) source told Libya Herald the bank plans to inject additional foreign currency into the market 'over the coming days' after the dinar's black-market rate slipped to LYD 9.65 per US dollar — well above Governor Naji Issa's publicly stated target of holding the parallel-market gap within 5% of the official rate (under roughly LYD 7.00/USD). The source linked the move to 'improvements in various economic indicators and oil revenues, coinciding with understandings and agreements reached with economic partners,' and said the CBL aims to keep foreign reserves adequate for monetary stability while holding the fiscal deficit within year-end limits. No injection amount was specified. CBL Monetary Policy Committee member Ayoub Al-Farsi separately acknowledged, at the Sep 7–9 Arab Savings and Financial Literacy Conference in Tripoli, that two prior rounds of reference-rate revisions and currency injections this year had failed to close the gap with the black market.