24 Hrs
Source:
عين ليبيا
Libya economy urgent measures on oil dollar salaries
The article discussed the economic situation in Libya, focusing on the risks of shutting down oil flows, which businessman Hosni Bay described as "suicide." He pointed out that closing the valves on oil pipelines, especially the Sharara field line, has led to a decline in production and the threat of declaring a force majeure if the shutdown continues. The article also emphasized the importance of addressing the decline in the US dollar exchange rate and strengthening the Libyan dinar, along with calls to limit unregulated import of goods and implement economic reforms, including a unified salary scale currently under discussion among officials. Additionally, experts stressed the necessity of diversifying sources of income, particularly through the agricultural sector, highlighting the importance of financial policies in controlling the currency's value. They also continued issuing Sharia-compliant deposit certificates aimed at maintaining economic stability in Libya.
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