Dbeibeh talks about important issues related to the exchange rate and the value of the salary that every Libyan should receive

The Prime Minister of the National Unity Government, Abdul Hamid Dabeibeh said: “We now have a standard that was not there in the past. There was the black market selling the dollar for 9 dinars, and  there was no presence in the official market.”

He added: “As for 4.4, it is creating a kind of line that we rise to, and they are confident that with this support we return rights to people as they were before. This is an example of 450 dinars that were previously equal to 350 dollars and when we multiply this value at the current exchange rate 4.4, it equals 1200, as the previous.”

He continued by saying: “We are not increasing these segments, but rather we give them their rights. We have restored the situation as it was in the past. The income is the income, the dollar is the dollar and the dinar is the one that has fallen and is no longer keeping pace with the dollar. The Libyan people deal in dinars. The exchange rate difference is now affecting the value of life and expenses, something that was worth a dinar has become four dinars.”

He concluded his speech by saying: “We did not undertake a reform issue in the matter of salaries, but rather we returned the situation to what it was before. It is not normal for a person to receive a salary of 450 dinars, i.e. 350 dollars in an oil country and has an annual income of tens of billions. The salary is supposed to be 1,000 monthly, at the least. This is if we were looking at countries close to us, so that the value of 350 was not included in our salary increase of 900, but on the contrary, we decreased income value. This idea must reach citizens who demand increases in health and education, in order to return them the previous income, which is not normal in the first place. It is still low and we have no problem taking any policy that mitigates the current situation .”