On Sunday, December 28, 2025, transactions in the parallel market witnessed a new rise in the exchange rate of the US dollar against the Libyan dinar, with the dollar reaching a level of 8.70 dinars in ongoing trades conducted via WhatsApp groups.
This increase reflects continued pressure on the foreign exchange market, amid anticipation from traders for the possibility of further gains if the high levels of demand for foreign currency persist.
#Trading
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 precious metals to a fiat currency, and its global reserve status was solidified by the Bretton Woods Agreement in 1944.
Libyan dinar
The Libyan dinar is the official currency of Libya, introduced in 1971 to replace the Libyan pound. It was established following the country’s independence and the rise of the Libyan Arab Republic, centralizing the monetary system.
WhatsApp is a cross-platform messaging application founded in 2009 by Jan Koum and Brian Acton. It revolutionized personal communication by allowing users to send text and voice messages, make calls, and share media over the internet. The service was acquired by Facebook (now Meta) in 2014 for approximately $19 billion.
