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Libyan PM Calls for Legislation Against Currency Speculation

December 14, 2023
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The Prime Minister of the Libyan Parliament-designated government, Osama Hammad urged the Parliament to “swiftly enact legislation criminalizing speculation in the economy, to align with the overall plan to regulate prices.”

Hammad stated that since taking office, the Libyan government has been “committed to providing a decent life for Libyan citizens across the nation. The Libyan government aims to ensure all citizens’ rights, including access to essential goods at reasonable prices, aligned with income levels and developmental plans.”

Hammad called on the Attorney General’s Office to “supervise and monitor all relevant regulatory authorities, directing them to enforce price regulations and apply the law to violators”

The government has implemented several measures, with the latest being Decision No. 40 of 2023, determining prices for certain food items.

The PM specified the maximum prices for essential goods, and tasked relevant judicial control officers with monitoring violations and taking swift actions to ensure effective enforcement.

He urged all economic monitors in municipalities to oversee the implementation of comprehensive economic plans, and take necessary measures.

Hammad pointed out that his government has begun implementing a comprehensive economic plan, including importing and providing essential goods to citizens through various commercial channels.

On Saturday, Deputy Speaker of the Libyan Parliament, Misbah Duma affirmed the Parliament’s commitment to combat corruption, urging everyone to unite and collaborate to eradicate this phenomenon.

During his address at the events marking the International Anti-Corruption Day, Duma emphasised the gravity of corruption plaguing the country.

The event was attended by Prime Minister of the Parliament-designated government, Osama Hammad and several ministers. As well as the heads of the National Anti-Corruption Commission and the Administrative Control Authority.

MP’s including Ibrahim Al-Zeghid, Mohammed Tamer, Suleiman Suweiker, Azaldin Gweirb, Rahma Abu Bakr, and Sultana Al-Mismari, also participated in the event.

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