{"id":255620,"date":"2025-12-02T22:30:06","date_gmt":"2025-12-02T20:30:06","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=255620"},"modified":"2025-12-02T22:30:06","modified_gmt":"2025-12-02T20:30:06","slug":"libya-husni-b-monetary-policies-currency-chaos","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/libya-husni-b-monetary-policies-currency-chaos\/","title":{"rendered":"Husni Bey Attacks Monetary Policies: &#8220;It\u2019s Time for a Bold Decision to End Currency Chaos and Speculation&#8221;"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Libyan businessman <em>Husni B<\/em>ey revealed to our source in an exclusive statement: \u201cSince 1971, the world has faced a fundamental economic question that remains unresolved: is currency a means of exchange or a commodity subject to market laws? International experience has shown, without exception, that after abandoning the gold standard, currencies are no longer guaranteed means of exchange as before, but rather commodities whose real value depends on the strength of the issuing economy, not on any administrative or theoretical decision.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added: \u201cIn Libya, the situation today is even more complex and dangerous, with multiple exchange rates creating a completely distorted monetary system:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Official dollar rate<\/li>\n\n\n\n<li>Parallel market rate<\/li>\n\n\n\n<li>Rate via certificates (sukuk)<br>There are stark differences between the cash value of the dinar and its value when using certificates.\u201d<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">He continued: \u201cDespite this chaos, some economists still insist that currency is merely a \u2018means\u2019 and that its rate can be fixed by government decree, ignoring that this price has no relation to its real value, purchasing power, or market reality.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He said: \u201cThe natural outcome of insisting on this illusion is that the currency has become the largest speculative market in Libya, guaranteeing profits of at least 20% in cash for those obtaining dollars at the official rate, and up to 45% through certificates. This huge gap creates and encourages exploitation, resulting in bank employees being prosecuted and imprisoned every ten hours throughout an entire year.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <em>Husni B<\/em>ey, the price gap is not only an economic phenomenon but also a systematized corruption framework, arising from rigid monetary policies that refuse to face reality. Seven decades of experience have proven that fixed exchange rate policies have failed miserably: the dinar, which was equal to $3.30 in 1982, has lost over 95% of its value today, with one dollar exceeding 7,000 dinars in some transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added: \u201cBased on this, I pose a critical question to the state and decision-makers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When will it be acknowledged that current monetary policies have exhausted all opportunities and failed?<\/li>\n\n\n\n<li>When will a bold and courageous decision be made to reform the exchange system and cancel policies that decades of experience have shown only deepen the gap, encourage speculation, and fail the national economy?\u201d<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">He concluded: \u201cContinuing this approach is no longer merely an economic error but a direct threat to the stability of the state, its economy, and the future of its generations.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Libyan businessman Husni Bey revealed to our source in an exclusive statement: \u201cSince 1971, the world has faced a fundamental economic question that remains unresolved: is currency a means of exchange or a commodity subject to market laws? International experience has shown, without exception, that after abandoning the gold standard, currencies are no longer guaranteed [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":255621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[617,613],"class_list":["post-255620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-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>Husni Bey Attacks Monetary Policies: &quot;It\u2019s Time for a Bold Decision to End Currency Chaos and Speculation&quot; - 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\/libya-husni-b-monetary-policies-currency-chaos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Husni Bey Attacks Monetary Policies: &quot;It\u2019s Time for a Bold Decision to End Currency Chaos and Speculation&quot; - Sada Newspaper\" \/>\n<meta property=\"og:description\" content=\"Libyan businessman Husni Bey revealed to our source in an exclusive statement: \u201cSince 1971, the world has faced a fundamental economic question that remains unresolved: is currency a means of exchange or a commodity subject to market laws? International experience has shown, without exception, that after abandoning the gold standard, currencies are no longer guaranteed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sada.ly\/en\/libya-husni-b-monetary-policies-currency-chaos\/\" \/>\n<meta property=\"og:site_name\" content=\"Sada Newspaper\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-02T20:30:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sada.ly\/en\/contents\/uploads\/sites\/2\/2025\/12\/image_2025-12-02_212416896.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/\"},\"author\":{\"name\":\"Amira Cherni\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/#\\\/schema\\\/person\\\/d2e3a4c15ff289afd397860b4d048830\"},\"headline\":\"Husni Bey Attacks Monetary Policies: &#8220;It\u2019s Time for a Bold Decision to End Currency Chaos and Speculation&#8221;\",\"datePublished\":\"2025-12-02T20:30:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/\"},\"wordCount\":412,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sada.ly\\\/en\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2025\\\/12\\\/image_2025-12-02_212416896.png\",\"keywords\":[\"currency\",\"libya\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/\",\"url\":\"https:\\\/\\\/sada.ly\\\/en\\\/libya-husni-b-monetary-policies-currency-chaos\\\/\",\"name\":\"Husni Bey Attacks Monetary Policies: \\\"It\u2019s Time for a Bold Decision to End Currency Chaos and Speculation\\\" - 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