FlyerTalk Forums - View Single Post - New rock bottom fares ex Lybia
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Old May 1, 2003 | 10:42 am
  #75  
alexwuk
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<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Zorro:
To make these fares even more attractive one should go and exchange a big wad of US Dollars for local cash (assuming that the blackmarket rate in CAI or TIP differs from the official rate)and purchase the ticket for cash.

However, it may be problem to explain to some security staff in the US what you are doing with a ticket purchased in cash in these countries.
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I think you'll find that in 2001 the Central Bank of Libya announced that it was devaluing its currency to bring the official exchange rate into line with the blackmarket rate.

It has continued on this course of devaluation, so now the the blackmarket is effectively dead. I do know that in the late nineties it was possible to get 3 LYD per USD on the blackmarket, but no longer.

Regards,
Alex
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