2 Hrs
Source:
عين ليبيا
Source: عين ليبيا
2 Hrsعين ليبيا
Source: عين ليبيا
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Dr. Fathi al-Shibli responds to Husni Bey that Libya’s need for foreign currency, and the sale of dollars to absorb excess liquidity, do not justify the way they are distributed or prove that the policy has achieved monetary stability. He calls for transparency and oversight of letters of credit and personal-use allocations, as well as accountability for those who profit from the gap between the official and parallel-market exchange rates. He notes that in 2025 state revenues amounted to about 136.9 billion dinars, against spending of 136.8 billion, while foreign-currency outflows reached 31.1 billion dollars, compared with roughly 22.1 billion dollars in oil revenues transferred—leaving a gap of nearly 9 billion dollars. He concludes that the dinar crisis has multiple causes, including unchecked spending, institutional division, weak production, and poor management of foreign currency. Reform, he says, requires controlling spending, unifying institutions, and holding all parties accountable—not preventing citizens and businesses from obtaining dollars.
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