4 Hrs
عين ليبيا
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عين ليبيا

2026-11-05T10:40:43.000Z

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عين ليبيا

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Libya's Customs Fix Fails

Libya's Customs Fix Fails

Economic expert Waheed al-Jabou said that lowering the customs exchange rate may be intended to curb rising prices, but it will not address the dinar’s declining purchasing power. He noted that the dollar has exceeded 10 dinars on the parallel market. He warned of weak oversight and abuses, noting that public debt has surpassed 300 billion dinars and the state employs around 2.5 million people. Salaries vary widely, from about 20,000 dinars for some officials to 950 dinars for some employees and retirees. He called for restructuring the economy, directing human resources toward production, and diversifying sources of income. He stressed that sustainably improving wages and prices requires addressing the exchange-rate crisis, political division, and corruption.

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