{"id":255209,"date":"2025-10-12T20:10:29","date_gmt":"2025-10-12T18:10:29","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255209"},"modified":"2025-10-12T20:10:29","modified_gmt":"2025-10-12T18:10:29","slug":"exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\/","title":{"rendered":"Exclusive: Al-Sharif: Public Spending Must Be Controlled, and the Central Bank Should Impose Strict Oversight on Bank Accounts and Exchange Companies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Economics professor at the University of Benghazi, Ali Al-Sharif, told our source exclusively that eliminating currency speculation requires maintaining a steady supply of goods and services in the market to gradually eliminate excess demand. This, he explained, would significantly narrow the gap between supply and demand, limiting opportunities for speculation until they disappear naturally \u2014 thereby ending the phenomenon of \u201ccheck burning.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added that to achieve this goal, public spending must be controlled so that expenditures remain within available revenues, while ensuring a careful balance between providing liquidity and promoting financial inclusion. This would help reduce reliance on cash over time and, consequently, limit the practice of check burning.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Al-Sharif continued, saying that the Central Bank must impose strict oversight on bank accounts and exchange companies to ensure transparency and prevent the exploitation of loopholes within the financial system.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He also noted that imposing fees on cash withdrawals could have a positive short-term impact by reducing cash withdrawals, but if maintained without complementary policies, it could lead to negative long-term effects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He concluded by emphasizing that such a policy should be implemented alongside other measures that restore public confidence in the banking system and rebuild the natural relationship between individuals, traders, and financial institutions \u2014 ultimately supporting sustainable monetary and financial stability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economics professor at the University of Benghazi, Ali Al-Sharif, told our source exclusively that eliminating currency speculation requires maintaining a steady supply of goods and services in the market to gradually eliminate excess demand. This, he explained, would significantly narrow the gap between supply and demand, limiting opportunities for speculation until they disappear naturally \u2014 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[624,613,666],"class_list":["post-255209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank-of-libya","tag-libya","tag-public-spending"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exclusive: Al-Sharif: Public Spending Must Be Controlled, and the Central Bank Should Impose Strict Oversight on Bank Accounts and Exchange Companies - 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-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exclusive: Al-Sharif: Public Spending Must Be Controlled, and the Central Bank Should Impose Strict Oversight on Bank Accounts and Exchange Companies - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"Economics professor at the University of Benghazi, Ali Al-Sharif, told our source exclusively that eliminating currency speculation requires maintaining a steady supply of goods and services in the market to gradually eliminate excess demand. This, he explained, would significantly narrow the gap between supply and demand, limiting opportunities for speculation until they disappear naturally \u2014 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sada.ly\/en\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\/\" \/>\n<meta property=\"og:site_name\" content=\"Sada Newspaper\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-12T18:10:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/10\/image_2025-10-12_190857041.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-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/\"},\"author\":{\"name\":\"Amira Cherni\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/#\\\/schema\\\/person\\\/d2e3a4c15ff289afd397860b4d048830\"},\"headline\":\"Exclusive: Al-Sharif: Public Spending Must Be Controlled, and the Central Bank Should Impose Strict Oversight on Bank Accounts and Exchange Companies\",\"datePublished\":\"2025-10-12T18:10:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sada.ly\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/10\\\/image_2025-10-12_190857041.png\",\"keywords\":[\"central bank of libya\",\"libya\",\"public spending\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/\",\"url\":\"https:\\\/\\\/sada.ly\\\/en\\\/exclusive-al-sharif-public-spending-must-be-controlled-and-the-central-bank-should-impose-strict-oversight-on-bank-accounts-and-exchange-companies\\\/\",\"name\":\"Exclusive: Al-Sharif: Public Spending Must Be Controlled, and the Central Bank Should Impose Strict Oversight on Bank Accounts and Exchange Companies - 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