Summary: Libya's Ministry of Finance issued Resolution No. 160, officially abolishing the discounted "customs dollar" rate (previously fixed around 2.12 to 2.25 LYD). Importers must now calculate customs duties using the unified official exchange rate set (daily) by the Central Bank of Libya (CBL).
Below is the link to the full text of the Decision (Libyan Customs Authority website):
https://customs.gov.ly/legislation/mof-decrees/
Pre-decision calculation (example: imported goods priced at USD 1,000,000):
USD 1,000,000 × USD/LYD 2.12 = LYD 2,120,000.
Customs Duty = 2,120,000 × 5% = LYD 106,000
Calculation after the decision (Example: imported goods priced at USD 1,000,000):
USD 1,000,000 × USD/LYD 6.35* = LYD 6,350,000
Customs Duty = 6,350,000 × 5% = LYD 317,500
(*) Central Bank of Libya’s official exchange rate on the day/date of the customs transaction.