Libya’s Supreme Council of State opposed the introduction of a tax on foreign currency transactions, Libyan channel The Libya Observer reported on March 23.
Libya’s Supreme State Council condemned moves to introduce a tax on foreign currency transactions and called on the Speaker of the House of Representatives and the Governor of the Central Bank of Libya to cancel the measures.
“The decision of the president of Parliament represents a clear violation of current legislation, since it was made by a non-specialist”the council said in a statement.
The Supreme State Council also condemned the statements of the head of the Central Bank of Libya regarding the identification of expenses of unknown origin.
According to the Supreme State Council of Libya, the depreciation of the national currency was due to the printing of large amounts of counterfeit national currency, which was forcibly deposited in some banks and transferred to the market, and then exchanged for large amounts of currency. foreigner.
Let us remember that on March 14, 2024, the president of the Libyan Parliament, Aguila Saleh, issued a decree introducing a 27% currency exchange tax. The new tax will be introduced until December 31, 2024.
The decision was due to the sharp drop in the value of the Libyan currency and statements by the head of Libya’s alternative government, Osama Hammad, that the Tripoli government was paying some budget items from unknown sources.
We also recall that on March 10, 2024, a trilateral meeting took place in Cairo under the auspices of the League of Arab States, which was attended by the president of the House of Representatives of Libya, Aguila Saleh, the president of the Presidential Council of Libya, Mohamed Menfi, and the Head of the Supreme Council of State of Libya, Mohamed Takala.
The result of the meeting was the decision to form a new unified government in Libya, which will hold elections.
This decision marks the removal from power of Abdel Hamid Dbeibah, head of the Interim Government of National Unity of Libya, formed after the Geneva conference.
The agreement signed in Geneva ended on June 21, 2022, but Dbeibah refused to leave office and, relying on armed groups in the capital, continued to serve as prime minister.
Source: Rossa Primavera
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