Hommam Al Nassim 
Libya Faces Serious Economic Challenges, According to Economic Experts, Who Warn About the Current Situation and Emphasize the Need for Immediate Actions to Restructure the Economy and Improve Financial Management.
According to Suleiman al-Shahoumi, founder of Libya’s capital market and professor of finance at the University of Nottingham in Britain, Libya’s economy faces significant structural and political challenges, with weak infrastructure and governance, and worsening political division and insecurity.
Al-Shuhoumi pointed out that untargeted spending and the lack of specific budgets are among the most prominent problems faced by governments in the East and West, which exacerbates the economic and social conditions of citizens.
He adds that the Central Bank of Libya suffers from structural and regulatory problems, as it lacks an effective administrative structure, which negatively affects its ability to implement effective monetary policies.
Among the recent challenges facing the Libyan economy is the imposition of a 27% tax on foreign exchange sales, which has sparked widespread debate among experts and citizens, as they consider it a measure that may increase economic pressure on the poor and lead to high inflation rates.
In this context, experts call for the adoption of urgent measures to restructure the economy and improve financial management, in order to achieve economic and social stability in Libya.
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