23 Hrs
Source:
عين ليبيا
Are Official Changes Sufficient to End the Libyan Crisis
The article addresses the economic crisis in Libya, where businessman Hosni Bay affirms that the problem is not solely due to changes in officials but also related to the economic and administrative conditions governing institutional work. It highlights that the disparity in exchange rates between foreign currencies is estimated at over 75 billion dinars, based on a difference of 3 dinars per dollar across a total of 25 billion dollars. This figure reflects major distortions in the Libyan economy. He also points out that the value of fuel and petroleum smuggling approaches 60 billion dinars, demonstrating the significant negative impact of these phenomena on national resources. He emphasizes that the persistence of such conditions—such as weak resource management—continues to perpetuate the crisis, even when personnel change in positions. He stresses that solutions require addressing the fundamental economic and administrative factors, not just replacing officials.
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