Libya's Customs Authority adjusts Customs Dollar Rate to align with Central Bank exchange rate
via Libya Herald1 min read
Libya's Customs Authority has announced an adjustment to the Customs Dollar Rate, which is used to calculate tariffs on imports. The new rate will now align with the applicable exchange rate set by the Central Bank of Libya at the time of calculation. This change means the previous Customs Dollar Rate of LD 2.2 will increase to approximately LD 6.35. The adjustment is in accordance with customs legislation and references the Minister of Finance's Decision No. 160 of 2026, which cancels earlier decisions from 2021 regarding the Customs Dollar Rate.
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This summary was AI-generated from a story originally published by Libya Herald.
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