The impact of international crude oil price on the (uSD lD)‎ exchange rate : an empirical study

الملخص EN

ـــ The aim of this study is to investigate the relationship between the price of crude oil (in USD per barrel) and the US exchange rate against the Libyan dinar for the period (1995-2017).

The analysis is performed by Johansen cointegration, Granger causality tests and vector autoregressive model.

The results show that there is no long-term relationship between the crude oil price and the USD /LD exchange rate, while the relationship that happens is only in short-term one, However, Granger causality test result has showed there was none causality between the crude oil price and the USD /LD exchange rate.