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Some of Libya s leading anti-election forces attend a Tripoli pro-constitution event
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HoR Road Map Committee must set deadline for holding elections – with or without a constitution
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HoR Speaker Ageela Saleh attempts to make up lost political ground after government vote-of-no-confidence
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By Sami Zaptia.
London, 23 January 2021:
UNSMIL announced yesterday that on 21 January, the co-chairs of the International Follow-Up Committee on Libya’s Economic Working Group (EWG), including Acting Special Representative of the Secretary-General for Libya Stephanie Williams and representatives of Egypt, the United States and the European Union, convened a meeting to discuss urgent economic issues. These included the need to manage the impacts of a unified exchange rate as well as the need to unify and consolidate a national budget.
The Governor of the Central Bank of Libya Sadek El-Kaber, the Minister of Finance Faraj Bumtari and his counterpart Mrajea Ghaith participated in the meeting as well as senior diplomats representing the member states of the Berlin Conference, experts from the Libyan Economic Dialogue, the U.S. Department of the Treasury, the IMF and the World Bank.
By Sami Zaptia.
Prices are expected to decrease by 35-45 percent next year after the LD exchange rate was unified (Photo: Sami Zaptia).
London, 22 December 2020:
Prices of goods and services in Libya will decrease next year from 35 to 45 percent and citizens will enjoy an increase in their purchasing power because of the end of the hard currency black-market, Misbah Akkari, a member of the Central Bank of Libya’s (CBL) Exchange Rate Adjustment Committee told Libyan television on Saturday (19 December).
Akkari, former chairman of Libya’s largest bank, Jumhuriya bank, said this will be the result of the devaluation and unification of the Libyan dinar’s official exchange rate starting on 3 January.