Fri. Nov 15th, 2024

The former director of the Libyan Investment Authority, Mohsen Dreija, commented on the recent meeting between Counselor Aguila Saleh and the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir.

In an interview with the “Libya Al-Hurra” channel, which broadcasts from Turkey, Derija confirmed that this meeting was not the first between the two parties, and that the discussions had been open for some time.

Dreija pointed out that replacing Deputy Governor Al-Hibri was part of previous agreements between them and said that this meeting came as a result of previous agreements, and that although Parliament did not agree to exclude governments from imposing fees, cooperation between the concerned parties has become greater than in the past.

In his assessment of the economic conditions in Libya, Dreija pointed out that there have been greater complications since 2020, and he believed that the current policies are not sufficient to fix the situation.

He added, “Now the number of Libyans whose income is less than the international poverty rate has exceeded 40%, and this is a frightening number in the country of Libya!” There are no economic policies in Libya and considering that Libya’s economy is selling oil and obtaining the dollar and then distributing it is wrong.”

He explained that the Central Bank of Libya disburses 60% of oil revenues, while the National Oil Corporation manages the rest, and that this distribution may negatively affect the Central Bank’s ability to provide salaries and currency.

Dreija concluded his speech by emphasizing the necessity of unifying institutions and governments in Libya as a basic condition for getting out of the current crisis, and ruled out that there would be a way out before achieving this unification in a new and institutional form.

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