Farhat Bengdara's Formula for Killing a Parallel Currency Market

Jul 23
1 min read

A currency peg can be reset in an afternoon. The market underneath it takes longer to believe. Libya just relearned that. On Jan. 18, the central bank cut the dinar 14.7% against the IMF’s Special Drawing Rights, the second such cut in under a year. The parallel rate didn’t wait for the announcement. It had already crossed nine dinars to the dollar the week before, and it barely moved once the cut landed. Importers and pensioners kept paying the street price regardless of what the new official number said.

Read the full article here: https://ceoworld.biz/2026/07/08/farhat-bengdaras-formula-for-killing-a-parallel-currency-market/

Recent Posts

See All

Farhat Bengdara’s Two Kinds of Wealth

At a briefing in Dubai in October 2025, the IMF’s Middle East and Central Asia director credited the region’s stronger-than-expected growth partly to diversification, noting that non-oil sectors acros

The Bank Farhat Bengdara Helped Found Is Still Waiting for 10 More Signatures

In Dakar this May, the governors of the Association of African Central Banks spent part of their agenda on something closer to paperwork than policy. Francisca Tatchouop Belobe, the African Union's co

Farhat Bengdara's Four-Pillar Playbook for a National Oil Company in Freefall

When Farhat Bengdara arrived at Libya's National Oil Corporation, a dispute between the country's two rival power centers had frozen output for months. The institution itself had no agreed leadership

Comments