Close Menu
Libya Update NewsLibya Update News
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Facebook X (Twitter) RSS
Trending
  • National Development Agency Signs National Food Sovereignty Project for 1,000 Pivot Irrigation Circles
  • Ibn Sina Hospital explores the development of a kidney transplant project in Sirte
  • Strong clash between Libyan handball giants in the semifinals
  • Commemorating the Battle of Al-Qardhabiya in Benghazi with the participation of consuls and ambassadors
  • Launch of a national guide in Tripoli to enhance pre-marital compatibility and reduce divorce
  • Al-Shukri: We have addressed the House of Representatives to establish laws regulating cosmetic procedures
  • Conviction of 4 defendants in migrant smuggling and human trafficking cases in Tripoli
  • Army Chief of Staff inspects Jordanian military institutions and praises their standard
  • About Us
  • Contact Us
Facebook X (Twitter) RSS
Libya Update NewsLibya Update News
Subscribe
Thursday, 30 April 2026
  • Home
  • National
  • Region & World
    • The Maghreb
    • Middle East
  • Business
    • Oil & Gas
    • Economy
    • Analysis
  • Opinion
  • Editors’ Picks
  • Health & Lifestyle
  • Sports
Libya Update NewsLibya Update News
Home » Al-Jihani calls for an emergency meeting and warns of the tax’s effects on prices, inflation, and purchasing power

Al-Jihani calls for an emergency meeting and warns of the tax’s effects on prices, inflation, and purchasing power

Thursday, February 26, 2026 Economy 3 Mins Read
Al-Jahani

Libya – Parliament member Essam Al-Jehani commented on the Central Bank’s move. The bank imposed a tax on some goods without parliamentary approval. He believes this reflects complexity and danger in the current scene. It also leads the country to further deterioration. This occurs amidst the absence of the rule of law.

Al-Jehani made a statement to “Libya Al-Hadath” channel. Al-Marsad newspaper followed his remarks. He stated the Parliament Speaker’s role. It involves managing and organizing the council. This includes attendance and absence. It also covers representation in certain forums. The Speaker cannot issue laws or decisions individually.

He added that he holds the Parliament Speaker fully responsible. He explained that members of the Economic and Financial Committee informed him. This committee formed about a month and a half ago. It was formed after the tax issue was raised. They told him that Advisor Aguila Saleh approved the decision. Al-Jehani stated the Economic Committee itself disavowed its chairman. This happened after the chairman issued a letter about this file, according to him.

Al-Jehani considered Advisor Aguila Saleh directly responsible. He urged citizens not to blame the entire Parliament. He added that 107 MPs reject this measure. He described it as illegal, unconstitutional, and unlegislative.

He also pointed out that the Central Bank Governor bears responsibility. He stated the matter concerns a letter sent to the Central Bank. This letter led to the tax’s approval and its consequences.

Al-Jehani emphasized the need for an emergency parliamentary session. The session should discuss this issue. He noted the dollar exceeding ten dinars exacerbates the crisis. This directly affects commodity prices. It also impacts ordinary citizens’ ability to afford them.

He added that what is happening is a “joint crime.” This involves the Parliament’s presidency, the Central Bank, and its board members. He stressed that no one should evade responsibility for this matter.

Al-Jehani observed a very large corruption gap. He said this gap is being addressed by increasing burdens on citizens. Thus, citizens pay the price for corruption and thefts, according to him.

He clarified that imposing these measures will negatively impact the country’s economic activity. It will significantly affect citizens and their purchasing power. Inflation levels will also be impacted. This reflects on the state’s overall economic situation.

He also expressed surprise at reports of discussions with Americans. These discussions concerned the economic situation. He questioned why they were interfering in determining the country’s economic state. He considered this to indicate the situation had reached a dangerous stage, he said.

Al-Jehani indicated that talk of “fifty thousand” not being applied is for display and marketing only. He believes this. The direct negative impact falls on citizens upon actual implementation.

He added that he requested this step be postponed until after Ramadan. He affirmed that responsibility does not solely rest with the Parliament. It also includes other bodies and officials. They must unite on a common stance. What is happening now represents an economic crime against citizens and the people, he described.

Follow on Google News Follow on Facebook Follow on X (Twitter)
Share. Facebook Twitter Pinterest LinkedIn Email Reddit Telegram WhatsApp Copy Link
Previous ArticleUndersecretary of the Ministry of Health visits wounded Armed Forces member at Sabha Medical Center
Next Article Saudi Arabia launches a smart maps system to serve visitors to the holy places

Keep Reading

National Development Agency Signs National Food Sovereignty Project for 1,000 Pivot Irrigation Circles

Giant Ship “CMA CGM HYVAN” Berths at Juliyana Port

Decline in Gulf aluminum production by 6% amidst energy supply disruptions and repercussions of regional conflict

The National Development Agency Participates in Libya Build 2026 in Benghazi

Start of potato harvest at Al-Kufra Agricultural Project to enhance food security

Central Bank Governor affirms to the World Bank the bank’s readiness for international evaluation

Follow us on Twitter

The Libya Update Follow

Stay ahead of the curve with The #Libya Update - your go-to source for news and insights on Libyan politics, business, culture, and more. #LibyaNews

TheLibyaUpdate
thelibyaupdate The Libya Update @thelibyaupdate ·
29 Apr

Al-Shukri: We have addressed the House of Representatives to establish laws regulating ...cosmetic procedures

https://libyaupdate.com/al-shukri-we-have-addressed-the-house-of-representatives-to-establish-laws-regulating-cosmetic-procedures/

The #Libya Update

Reply on Twitter 2049524341285470402 Retweet on Twitter 2049524341285470402 Like on Twitter 2049524341285470402 Twitter 2049524341285470402
thelibyaupdate The Libya Update @thelibyaupdate ·
29 Apr

Conviction of 4 defendants in migrant smuggling and human trafficking cases in Tripoli

...https://libyaupdate.com/conviction-of-4-defendants-in-migrant-smuggling-and-human-trafficking-cases-in-tripoli/

The #Libya Update

Reply on Twitter 2049375397083480544 Retweet on Twitter 2049375397083480544 Like on Twitter 2049375397083480544 Twitter 2049375397083480544
thelibyaupdate The Libya Update @thelibyaupdate ·
29 Apr

Army Chief of Staff inspects Jordanian military institutions and praises their standard

...https://libyaupdate.com/army-chief-of-staff-inspects-jordanian-military-institutions-and-praises-their-standard/

The #Libya Update

Reply on Twitter 2049359541737845135 Retweet on Twitter 2049359541737845135 Like on Twitter 2049359541737845135 Twitter 2049359541737845135
libya update
Facebook X (Twitter) RSS

News

  • National News
  • The Maghreb News
  • Middle East News
  • Business News
  • Sports News

Company

  • Information
  • Ethics Policy
  • Corrections Policy
  • Fact-Checking Policy
  • GDPR Policy

Categories

  • Editors’ Picks
  • Opinion
  • Health & Lifestyle
  • Videos
  • Infographics

Subscribe to Updates

    © 2026 All copyrights reserved. The Libya Update.
    • About Us
    • Privacy Policy
    • Advertising

    Type above and press Enter to search. Press Esc to cancel.