22 Hrs
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صحيفة الساعة 24
Albouri: Restoring Price Stabilization Fund Risks Past Distortions
Economist Noman Al-Bouri criticized calls to reactivate the Price Stabilization Fund in Libya, emphasizing that the core issue is not the fund's suspension but the economic model and support mechanisms in place. He explained that the price stabilization experiment failed to address the main cause of economic problems and resulted in financial distortions. Al-Bouri urged for an evaluation of its outcomes before considering its reactivation. He proposed shifting from commodity support to human support through a transparent and direct support system based on data, while also emphasizing the need to address the causes of rising prices—such as exchange rate stability and anti-smuggling efforts—to create a more efficient and sustainable support system.
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