{"id":253348,"date":"2025-03-18T02:47:54","date_gmt":"2025-03-18T00:47:54","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=253348"},"modified":"2025-03-19T02:50:10","modified_gmt":"2025-03-19T00:50:10","slug":"exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\/","title":{"rendered":"Exclusive: Gaith to Sada \u2013 Exchange Rate Adjustment and Tax Removal Won\u2019t Affect Foreign Currency Demand\u2026 Here\u2019s Why"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Former Central Bank of Libya board member, <strong>Mrajaa Gaith<\/strong>, told our source that modifying the exchange rate or increasing the tax will not impact the demand for foreign currency. He explained that those seeking U.S. dollars are not commodity traders but rather a different group of speculators, drug dealers, and both legal and illegal foreign workers\u2014people who are more concerned with access to dollars than the actual exchange rate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gaith added: <em>\u201cStrict measures must be taken regarding currency sales. Any increase in the exchange rate means more funds for the government to spend, and increased government spending is one of the key drivers of rising foreign currency prices.\u201d<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He further stated that <em>economic stability can only be achieved under a unified government capable of enforcing its authority.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Central Bank of Libya board member, Mrajaa Gaith, told our source that modifying the exchange rate or increasing the tax will not impact the demand for foreign currency. He explained that those seeking U.S. dollars are not commodity traders but rather a different group of speculators, drug dealers, and both legal and illegal foreign [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":253349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[723,613],"class_list":["post-253348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-foreign-currency","tag-libya"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exclusive: Gaith to Sada \u2013 Exchange Rate Adjustment and Tax Removal Won\u2019t Affect Foreign Currency Demand\u2026 Here\u2019s Why - Sada Newspaper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sada.ly\/en\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Gaith to Sada \u2013 Exchange Rate Adjustment and Tax Removal Won\u2019t Affect Foreign Currency Demand\u2026 Here\u2019s Why - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"Former Central Bank of Libya board member, Mrajaa Gaith, told our source that modifying the exchange rate or increasing the tax will not impact the demand for foreign currency. He explained that those seeking U.S. dollars are not commodity traders but rather a different group of speculators, drug dealers, and both legal and illegal foreign [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sada.ly\/en\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"Sada Newspaper\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-18T00:47:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-19T00:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/03\/image_2025-03-19_034906332.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Amira Cherni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Amira Cherni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/\"},\"author\":{\"name\":\"Amira Cherni\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/#\\\/schema\\\/person\\\/d2e3a4c15ff289afd397860b4d048830\"},\"headline\":\"Exclusive: Gaith to Sada \u2013 Exchange Rate Adjustment and Tax Removal Won\u2019t Affect Foreign Currency Demand\u2026 Here\u2019s Why\",\"datePublished\":\"2025-03-18T00:47:54+00:00\",\"dateModified\":\"2025-03-19T00:50:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/\"},\"wordCount\":148,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sada.ly\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/03\\\/image_2025-03-19_034906332.png\",\"keywords\":[\"foreign currency\",\"libya\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/\",\"url\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-gaith-to-sada-exchange-rate-adjustment-and-tax-removal-wont-affect-foreign-currency-demand-heres-why\\\/\",\"name\":\"Exclusive: Gaith to Sada \u2013 Exchange Rate Adjustment and Tax Removal Won\u2019t Affect Foreign Currency Demand\u2026 Here\u2019s Why - 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