The impact of international crude oil price on the (USD/LD) exchange rate: An empirical study

The aim of this paper is to study and investigate the relationship between the price of crudeoil (in usd per barrel) and the us exchange rate against the libyan dinar for the period (1995-2017). the analysis is performed by using johansen cointegration, granger causality tests andvector autoregressive model. the results show that there is no long-term relationship between thecrude oil price and the usd /ld exchange rate, while the relationship that happens is only in shorttermone. granger causality test result also shows that there exists no causality between the crudeoil price and the usd /ld exchange rate