Exclusive: Al-Kabeer Proposes Exchange Rate Adjustment with Foreign Currency Tax in Important Correspondence to Aguila Saleh

Our source has obtained a letter from the Governor of the Central Bank of Libya to the Speaker of the House of Representatives regarding a proposal for several measures to address several issues, including adjusting the exchange rate by imposing a 27% tax on all purposes except for sectors that transfer from the public treasury.

The exchange rate will be subject to the tax ranging between 5.95 dinars to the dollar and 6.15 dinars to the dollar, with the tax being reduced or increased depending on revenue circumstances and expenditure developments, as this rate is also to achieve complete stability in the parallel market with the continued demand that is unmonitored and from an unknown source in the market, the speed of approving a unified budget and rationalizing the general agreement and reviewing some financial policies, and addressing the unidentified parallel agreement, and the decision of a unified government and unifying public spending.