Economist questions import ban policy
Economic expert Mokhtar Al-Jadeed proposed abolishing the Ministry of Economy's restriction on imports via banks and called for granting traders greater flexibility in obtaining foreign currency to finance their import operations. He stated that the Central Bank of Libya can meet the demand for dollars through various mechanisms such as documentary credits or transfers, while implementing measures against suppliers who use dollars from the parallel market, including confiscating goods and referring violators to the relevant authorities. His suggestions focus on organizing import processes and linking currency availability to oversight of funding sources.
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