Written by Professor of Economics \u201cAli Al-Sharif\u201d:<\/p>\n\n\n\n
In light of what some media outlets have reported regarding the movements of the Central Bank of Libya, a set of positive indicators emerges that may represent an important shift in managing the economic landscape.<\/p>\n\n\n\n
First, an agreement has been reached on a final formula for unified and disciplined public spending, which is a fundamental step toward enhancing the sustainability of public finances.<\/p>\n\n\n\n
Second, achieving around 80% of the financial inclusion plan represents notable progress, enabling greater reliance on electronic payment methods and reducing the need for cash liquidity. This could contribute to addressing the chronic liquidity crisis that has accompanied the economy for more than a decade.<\/p>\n\n\n\n
Third, the understanding reached with the National Oil Corporation regarding a budget aimed at increasing production by approximately 200,000 barrels per day is expected to strengthen public revenues and provide supportive room for any potential policies aimed at strengthening the Libyan dinar and maintaining its stability, especially if oil prices decline after tensions in the Strait of Hormuz subside.<\/p>\n\n\n\n
In addition, the measures include unconventional monetary tools such as restricted deposits and other mechanisms aimed at absorbing part of the money supply, contributing to curbing inflationary pressures and reducing demand for dollars outside the banking system.<\/p>\n\n\n\n
The hope is that these steps will lead to a degree of economic stability, even in the short term, and serve as a starting point for deeper reforms in the medium and long term.<\/p>\n","protected":false},"excerpt":{"rendered":"
Written by Professor of Economics \u201cAli Al-Sharif\u201d: In light of what some media outlets have reported regarding the movements of the Central Bank of Libya, a set of positive indicators emerges that may represent an important shift in managing the economic landscape. First, an agreement has been reached on a final formula for unified and […]<\/p>\n","protected":false},"author":13,"featured_media":256638,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[683],"tags":[628,613,908],"class_list":["post-256637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-articles","tag-central-bank","tag-libya","tag-spending"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/256637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=256637"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/256637\/revisions"}],"predecessor-version":[{"id":256639,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/256637\/revisions\/256639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/256638"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=256637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=256637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=256637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}