{"id":256288,"date":"2026-02-24T11:17:11","date_gmt":"2026-02-24T09:17:11","guid":{"rendered":"https:\/\/sada.ly\/en\/?p=256288"},"modified":"2026-02-24T11:17:11","modified_gmt":"2026-02-24T09:17:11","slug":"who-protects-officials-pockets-and-drains-citizens-wallets-the-story-of-taxes-that-disrupted-the-market-and-sparked-anger","status":"publish","type":"post","link":"https:\/\/sada.ly\/en\/who-protects-officials-pockets-and-drains-citizens-wallets-the-story-of-taxes-that-disrupted-the-market-and-sparked-anger\/","title":{"rendered":"Who protects officials\u2019 pockets and drains citizens\u2019 wallets? The story of taxes that disrupted the market and sparked anger!"},"content":{"rendered":"\n

In a country groaning under rising prices and collapsing purchasing power, tax decisions no longer appear to be an economic solution. Instead, they have become a new symbol of chaos and contradiction in the management of public finances.<\/p>\n\n\n\n

Amid conflicting statements, decisions passed behind closed doors, and an exchange rate that changes without any clear vision, the Libyan citizen once again finds themselves alone in facing the consequences\u2014paying the price from their daily sustenance\u2014while officials trade accusations among themselves.<\/p>\n\n\n\n

The situation began when the House of Representatives demanded to summon the Central Bank governor over the tax imposed on foreign currency sales\u2014a tax originally approved by the same body. Meanwhile, Member of Parliament and Head of the Economy Committee, Badr Al-Nahib, proposed imposing taxes on goods and luxury items, in a scene reflecting stark political and economic contradiction.<\/p>\n\n\n\n

The outcome was yet another adjustment of the exchange rate to 6.30 dinars per dollar, alongside the cancellation of the 15% tax\u2014effectively returning the rate to its previous state, with and without the tax at the same time. This coincided with the imposition of taxes on goods and services, a move denied by several parliamentarians despite being implemented in practice, the opening of letters of credit at new rates, and the removal of Al-Nahib from the Parliament\u2019s Economy Committee.<\/p>\n\n\n\n

The tax structure included:<\/p>\n\n\n\n