The Afriqiyah Airways has announced that it will apply the updated exchange rate set by the Central Bank of Libya to its ticket pricing structure.
In an official statement, the airline confirmed that it has begun implementing the revised Libyan dinar exchange rate against the US dollar for all newly issued tickets. The adjustment follows the Central Bank’s decision in January to revalue the dinar at 6.36 LYD per US dollar, representing a devaluation of approximately 14.7 percent against the Special Drawing Rights basket.
The Central Bank’s move was part of broader monetary reforms aimed at stabilizing the foreign exchange market, addressing fiscal imbalances, and narrowing the gap between official and parallel market exchange rates. As a result, companies that depend heavily on foreign currency transactions have begun aligning their pricing mechanisms with the new official rate.
For Afriqiyah Airways, whose operational costs are largely denominated in foreign currency, including aircraft leasing, fuel procurement, maintenance contracts, insurance, and international airport fees, the exchange rate shift directly affects cost calculations. The airline indicated that ticket prices will now reflect the updated official rate to maintain financial balance and operational sustainability.
The decision is expected to influence airfare levels, particularly on international routes where settlements are made in US dollars or other foreign currencies. Passengers may notice changes in ticket pricing depending on route, booking channel, and currency of payment.
Economic analysts note that the aviation sector is among the most sensitive industries to currency fluctuations due to its reliance on global suppliers and foreign-denominated obligations.
