14 Hrs
Source:
عين ليبيا
Libyan Experts on Dollar and Debt
The article addressed the economic situation in Libya, where experts and analysts discussed several key issues related to exchange rates, government debt, money supply, and unified salaries. They noted that the price of the dollar rose from 8.40 dinars before the governor’s resignation to over 9 dinars afterward, emphasizing that discussions about salary figures and the state budget are inaccurate and aimed at misleading. They also confirmed that the money supply reached 210 billion dinars, with questions raised about the sources of this figure amidst declining foreign currency reserves. The experts pointed out that the increased demand for dollars before the expiration of the import grace period explains the rising exchange rate, and stated that discussions about a unified salary schedule are not yet accurate. They explained that government debt drains community resources when the state is unable to service it from real income. They also emphasized that reform of the fuel system requires reducing smuggling by eliminating economic distortions and holding those who steal accountable. Ultimately, the experts stressed the importance of addressing the root causes of the economic decline fundamentally, rather than focusing only on superficial aspects such as supply and pricing.
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