The exchange rate of the US dollar in Libya’s parallel market saw a new increase, recording 9.81 dinars in cash during Sunday’s trading, according to dealers.
The dollar had closed last Thursday’s trading at 9.58 dinars, compared to 9.08 dinars at the end of trading on Saturday, February 7, 2026, reflecting an increase of approximately 50 qirsh within one week.
This rise comes amid the continuing gap between the official price and the black market price, in light of the increasing demand for foreign currency with the approach of the holy month of Ramadan.
US dollar
The US dollar is the official currency of the United States, established by the Coinage Act of 1792. It evolved from a system based on Spanish milled dollars and has become the world’s primary reserve currency since the Bretton Woods agreement in the mid-20th century.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. Its cultural heritage includes UNESCO World Heritage sites such as the ancient Greek city of Cyrene and the Roman ruins of Leptis Magna.
Ramadan
Ramadan is the ninth month of the Islamic lunar calendar, observed by Muslims worldwide as a month of fasting, prayer, reflection, and community. Its history is rooted in the Islamic tradition that it was during this month that the Quran was first revealed to the Prophet Muhammad. The fast from dawn to sunset commemorates this revelation and is one of the Five Pillars of Islam.
