Libyan PM rejects Central Bank and HoR’s agreement to devalue the dinar

The Libyan Prime Minister, Abdul Hamid Dbeibah, has announced his rejection of imposing a tax on the foreign currency exchange rate, warning of the negative effects of the tax on all Libyan citizens.

Dbeibah’s rejection was made during an Iftar gathering, in the presence of the Head of the High Council of State, Mohammed Takala, a number of members of the House of Representatives and the High Council of State, the Constitution Drafting Assembly, and the leaders of political parties, along with a number of political figures.

A statement by the Government of National Unity said that Dbeibah had refuted the rumors that talked about the deterioration of the state’s economic situation, showing in numbers and statistics the value of the state’s public spending during the last three years, including the development spending through which several development projects were implemented in various parts of the country for the first time since February revolution.

On last Thursday, the Speaker of the House of Representatives Aqila Saleh issued a decision agreeing to the imposition of a tax on the official exchange rate of foreign currencies by 27% for all purposes. 

The Central Bank of Libya’s Governor proposed on March 05, through a letter addressed to the House of Representatives, to impose a tax on the official exchange rate by 27%, with the exception of sectors funded from the public treasury.


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