16 Hrs
Source:
عين ليبيا
Libya face economic tensions over food and currency
Economist Mukhtar Al-Jadeed criticized the current management of economic affairs in Libya, particularly regarding food security, fuel, credits, and the exchange rate of the dollar. He pointed out that dealing with merchants regarding wheat and flour stock raises questions about the effectiveness of the concept of food security, citing the experience of providing oil during Ramadan, which angered citizens. He also noted the widespread corruption in the fuel sector, sarcastically suggesting that the only beneficiaries of this corruption are the people themselves. Additionally, he criticized the media’s focus on specific individuals in the trade credit file, explaining that there is a directed narrative towards certain figures while others are overlooked. He clarified that some businessmen have factories and products in the market, which is not meant to defend them but to reflect the media’s orientation. He expressed surprise at the absence of citizen participation in the economic scene and questioned how oil revenues are intertwined with this situation. He also observed that the dollar exchange rate rose from 8.40 to over 9 dinars following the resignation of the Central Bank governor, despite the latter’s withdrawal of his resignation. His posts form part of broader criticisms of Libya’s economic management policies, with a focus on the impact of media influence, lack of transparency, and the absence of oversight on key files.
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