Economic reforms cause hike in international phone call prices

November 7, 2018

A source from the Libyan Company for Post, Communications and Information Technology has told The Libya Observer that the increase of costs in the international calls is due to the economic reform plan, which altered the exchange rate of the Libyan dinar from 1.40 to 3.90 dinars per dollar.

The source added that the Libyan telecom companies began to deal with the Libyan International Telecom Company through remittances at the new exchange rate, which resulted in an increase in the price of domestic calls and other telecommunications services.

The Libya Observer has learnt that negotiations are undergoing between telecommunication companies and the Presidential Council (PC) to exempt the companies from the new exchange rate and the economic reform plan set by the PC.

Al Madar Al Jadid and Libyana Mobile have already raised the cost of international calls since early November.

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