6 Hrs
Source:
عين ليبيا
Former Central Bank official on wage hikes
Warnings indicate that increasing wages in Libya without careful financial and economic studies could put pressure on public finances and cause the Libyan dinar to depreciate. This depreciation would raise the prices of goods and services and weaken purchasing power. It is emphasized that any increases should be supported by clear financing plans, as expansive spending without sufficient resources might exacerbate inflation, hinder control over exchange rates, and lead to an economic cycle characterized by rising prices amid higher incomes.
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