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W6nnews.com ==== وطن === تاريخ النشر – 2024-01-11 19:39:40
https://sputnikarabic.ae/20240111/The absence-of-strategic-plans-exacerbated-the-economic-situation-in-Libya-1084894571.html
The absence of strategic plans exacerbates the economic situation in Libya
The absence of strategic plans exacerbates the economic situation in Libya
Libya is witnessing a significant rise in the prices of goods and foodstuffs and a continuous increase with the absence of strategic plans that prevent or limit this significant rise, according to what experts described… 11.01.2024, Sputnik Arabic
2024-01-11T16:39+0000
2024-01-11T16:39+0000
2024-01-11T16:57+0000
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In a special statement to “Sputnik”, the head of the Libyan-Egyptian Joint Chamber, Ibrahim Al-Jarari, explained that prices in Libya have become very high, and here the blame does not fall on suppliers and merchants, but the blame falls on the Central Bank of Libya, and this is due to the rise in the dollar exchange rate, And the absence of credits and their monopoly on specific people. He explained that merchants suffer from the lack of consideration of the credit applications they submitted to the Central Bank, which exceeded a period of two or three months without an official response from the Central Bank to justify this. The policy of monopoly. Al-Jarari pointed out that most merchants and suppliers have begun to import at market exchange rates. Thus, this matter caused an increase in prices in the country. Al-Jarari added that there has become a large difference in prices between the east and west of the country due to merchants in western Libya obtaining credits at the official exchange rate, and merchants in eastern Libya rely on the exchange rates in the parallel market for supplies. Consequently, there has become a large difference and increase in prices, and therefore the Central Bank must reconsider this. He said that the phenomenon of rising prices cannot be controlled, as long as there is a real absence of the Central Bank’s vision in distributing credits to merchants, and stressed the necessity of the Central Bank granting credits in a manner Directly, it monitors merchants, and the Economic Monitoring monitors prices and establishes a mechanism to determine pricing. He stressed that this matter has a major impact on the Libyan citizen, who is not waiting for any breakthrough at the present time regarding the issue of rising prices. Al-Jarari stressed the necessity of activating the price stabilization fund and activating the associations that By distributing goods to citizens at specific prices, and this is what the Joint Chamber has called for several times. He pointed out the danger of the state implementing the plan to lift subsidies on fuel, because this matter was repeated in lifting subsidies for basic goods, which caused a major economic disruption in the life of the Libyan citizen. He said, The Libyan House of Representatives must hold an emergency session in order to reconsider the activation of the Price Stabilization Fund so that goods can be imported subsidized and at a unified price and distributed through official associations. In this context, economic analyst Muhammad Darmish pointed out that Libya, despite the current circumstances it is going through and the divisions The institutional economy is still strong and at an excellent level, because it does not suffer from a scarcity of resources, but rather requires highly efficient management only to eliminate distortions and not repeat previous random, ill-considered decisions, in order to achieve the highest levels of efficiency, effectiveness and adequacy in performance. Absence of management OptimumDermish added in his statement to “Sputnik” that Libya and its financial position are very good, it only needs to be preserved, and to focus on not repeating mistakes, correcting them, and addressing deviations in thoughtful ways. For example, there are repercussions resulting from some random decisions for the year 2020, in addition to the inflation of numbers. The general budget, and the huge prices of goods and services. Some small projects continued to lose their work in the market, resulting in the loss of some labor, which increased the decrease in job opportunities and the increase in salary numbers paid from the public treasury, and the need for countries to increase them to fill the gap, as well as the housing crisis, with Note that there are some effects whose repercussions are still affecting, including the Corona crisis and the Russian-Ukrainian war. He said that the division of institutions, the state of instability, and the closure of oil several times, all of the above, have still clear effects on the Libyan economy. Today, according to what was mentioned, decision makers must not enter into bets. Dealing with the details of solving the subsidy problem is possible only through thoughtful strategic plans set out on the basis of reality through a stable government. Absence of oversight. For his part, the Libyan analyst and academic Hamza Jibril believes that the rise in prices is the continuous inflation of all types of goods and the rise in prices continues every day, and that this inflation is inflation. Imported due to the crises that countries of the world are going through. All of these crises led to a rise in the prices of goods in the country of origin. These goods arrived and merchants raised them according to their cost. Jibril added in a special statement to “Sputnik” that the official authorities in the country must exercise control over Dollar exchange rates, and the Central Bank’s monitoring of the process of granting credits and how the grants are made. These credits and the merchants who tampered with the supply process must be followed up, and the role of the Municipal Guard and price monitoring must be activated, and emerging national industries should be protected and safeguarded until they become competitive goods that lead to a decline in goods imported from… The same types, and this is the style of developed countries. He said that the Libyan citizen will suffer from high prices, due to the absence of strategic plans in the state, specifically on the issue of fuel, which sees that it wants to limit fuel smuggling, but here the state will fall into the trap of raising the price of fuel, and the smuggler will benefit from This is because the price is still subsidized, according to his description, and the state will suffer on several fronts, including the fight against corruption and smuggling, and the citizen’s suffering due to the reasons for this rise, and therefore the citizen will be satisfied with the fait accompli policy that was imposed on him without his help.
https://sputnikarabic.ae/20231216/Disagreements-between-the-governor-of-the-Central-Bank-of-Libya-and-the-head-of-the-government-of-national-unity-affect-the-economic-situation-1084194429.html
https://sputnikarabic.ae/20220605/The-Libyan-economy-expert-has-not-known-stability-since-2011-and-the-existence-of-a-strong-state-is-the-guarantee-of-a-normal-economy-1063141364.html
https://sputnikarabic.ae/20231117/What-are-the-plans-and-alternatives-for-lifting-subsidies-on-fuel-in-Libya-1083230925.html
2024
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Exclusive, Sputnik reports, Libya news today, economy
Exclusive, Sputnik reports, Libya news today, economy
Exclusive
Libya is witnessing a significant rise in the prices of goods and foodstuffs and a continuous increase with the absence of strategic plans that prevent or limit this significant rise, according to what economic experts described.
He explained that merchants suffer from the failure to consider the accreditation requests they submitted to the Central Bank, which exceeded two or three months without an official response from the Central Bank to justify this.
Monopoly policy
Al-Jarari pointed out that most merchants and suppliers have begun importing at exchange rates in the parallel market, and thus this has caused an increase in prices in the country.
Al-Jarari added that there has become a large difference in prices between the east and west of the country due to merchants in western Libya obtaining credits at the official exchange rate, and merchants in eastern Libya rely on the exchange rates in the parallel market for supplies, and thus there has become a large difference and an increase in prices, and thus the The Central Bank should reconsider this.
He said that the phenomenon of rising prices cannot be controlled, as long as there is a real absence of the Central Bank’s vision in distributing credits to merchants. He stressed the need for the Central Bank to grant credits directly, monitor merchants, and monitor the economy by monitoring prices and establishing a mechanism to determine pricing.
16 December 2023, 22:18 GMT
He stressed that this matter has a major impact on the Libyan citizen, who is not waiting for any breakthrough at the present time regarding the issue of rising prices.
Al-Jarari stressed the necessity of activating the price stabilization fund and activating the associations that distribute goods to citizens at specific prices, and this is what the Joint Chamber has called for several times.
He said that the Libyan House of Representatives must hold an emergency session to reconsider activating the price stabilization fund so that goods can be imported subsidized and at a unified price and distributed through official associations.
In this context, the economic analyst, Muhammad Darmish, pointed out that Libya, despite the current circumstances it is going through and the institutional divisions, its economy is still strong and at an excellent level, because it does not suffer from a scarcity of resources, but rather needs highly efficient management only to eliminate distortions and prevent recurrence. Random, unconsidered previous decisions, in order to achieve the highest levels of efficiency, effectiveness and adequacy in performance.
5 June 2022, 19:24 GMT
Lack of optimal management
Some small projects continued to lose their work in the market, which resulted in the loss of some labor force, which increased the decrease in job opportunities and the increase in salary numbers paid from the public treasury, and the need for countries to increase them to fill the gap, as well as the housing crisis, noting that there are some effects whose repercussions are still affecting, including The Corona crisis and the Russian-Ukrainian war.
17 November 2023, 10:06 GMT
For his part, the Libyan analyst and academic Hamza Jibril believes that the rise in prices is the continuous inflation of all types of commodities and the rise continues every day, and that this inflation is an imported inflation due to the crises that the countries of the world are going through. All of these crises have led to a rise in the prices of commodities in the country of origin. These goods arrived and the merchants raised them according to their cost.
