– Polls
A wide-ranging opinion poll was conducted following the signing of the Unified Developmental Spending Agreement between representatives of the House of Representatives and the State Council. This agreement is considered the first comprehensive framework to regulate public spending across all Libyan territories in over 13 years, a step aimed at unifying fiscal policy and enhancing discipline in resource management.
The poll results reflected a clear divergence in citizens’ expectations regarding the future of the dollar exchange rate in the parallel market. Opinions were split between those anticipating a relative improvement in the value of the dinar and others who expect the exchange rate to continue deteriorating in the coming period.
-
Expectations for the exchange rate to range between 8 and 8.25 dinars
Some participants predicted that the dollar price would see relative stability at levels ranging between 8 and 8.25 dinars, provided the agreement’s outcomes positively and swiftly impact the market, especially with the control of public spending and reduced demand for foreign currency.
-
Dollar price rising to levels reaching 15 dinars
Conversely, others expressed pessimism, with some observers pointing to the possibility of the dollar price rising to levels reaching 15 dinars. They argued that the absence of effective oversight and continued speculation could lead to further pressure on the local currency, despite the signing of the agreement.
Moderate opinions also emerged, predicting the dollar price would reach around 12 dinars in the coming months if accompanying measures to enhance oversight and activate legislative and regulatory institutions are not taken to ensure proper spending management and follow-up on the implementation of the agreement’s terms.
-
Dollar price dropping to 6.80 dinars in the near term
In a related context, some participants pointed to expectations of the dollar price falling to lower levels, reaching around 6.80 dinars in the near term. This is based on the potential for an improved supply of foreign currency and the direct reflection of financial reform
