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U.S. dollar surges against Libyan dinar by LYD 4.71

The U.S. dollar surged Thursday against the Libyan dinar by LYD 4.71 compared to LYD 4.66 on Wednesday.

This increase came after a slight decline of the dollar after el-Sharara’s production was reopened several days after it had been suspended by some armed groups self-proclaimed as Fezzan Anger Movement.

Meanwhile, the euro recorded LYD 5.30 compared to LYD 5.25.

Libya’s Government of National Accord (GNA) announced on Wednesday the reopening of the Sharara oil field after Faiez Sarraj, head of the Presidency Council, concluded an urgent visit to the field in Ubari city.

During the visit, Sarraj met with representatives of the Fezzan Anger Movement as well as security and military leaders in the region. He emphasized his understanding of the reasons for the protest and the demands that he considered legitimate.

He stressed that all citizens have the right to express their opinion peacefully; however, he strongly rejected posing any threat to the safety of Libyans or the country’s facilities.

Sarraj said dialogue was the only way to resolve the problem and refused any accusations against the protest movement members without strong evidence.

The president outlined the measures taken to improve facilities and services in the southern region, and provide the needs of citizens in the framework of the national campaign to save the south announced last month, which also includes securing the southern border.

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