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عين ليبيا
Source: عين ليبيا
10 Hrsعين ليبيا
Source: عين ليبيا
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Libyan economist Nasser Borweis set out a framework for reforming the economy and achieving lasting stability for the dinar. He argued that the problem is not limited to a shortage of dollars, but is also linked to public spending, liquidity, the foreign-exchange market, weak production, and a lack of institutional trust. The framework rests on six pillars: fiscal and monetary discipline; improving the efficiency of the foreign-exchange market; boosting production and diversifying income; strengthening governance and trust; and gradually reforming subsidies while protecting citizens. It draws on tools used by Switzerland and Singapore without copying their experiences. The report favored a path combining clear fiscal rules with flexible management of the foreign-exchange market, within a four-stage roadmap. This ranges from immediate measures over the first three months to economic diversification over a period of three to ten years. Progress would be measured using linked indicators, including inflation, spending, the gap between exchange rates, and non-oil production.
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