Economic analyst Mokhtar Al-Jadeed anticipates a decrease in demand for the $2,000 allocated for personal use via cards. Many people are waiting for banks to start selling cash dollars. He believes this situation could negatively impact the flow of foreign currency into the market. It could also drive up the dollar’s price in the parallel market.
Al-Jadeed stated this in a post on his personal Facebook page. He urged the Central Bank of Libya to urgently decide on the mechanism for selling cash dollars. This is to avoid any further market confusion.
He added that if the Central Bank intends to sell $2,000 for personal use, it should expedite implementation. If it plans to offer it as a grant to heads of households, it must clearly disclose this. This clarity will prevent individuals from relying solely on cash dollars. It will also ensure they continue booking personal funds via cards.
Al-Jadeed concluded by expressing his fear. This hesitation could negatively affect the market. What was celebrated yesterday as an achievement – bringing in cash dollars – might become a problem in the coming days.