Under the chairmanship of Musabah Doma, the Second Deputy Speaker of the House of Representatives, the committee tasked with studying the impact of imposing a 27% tax on foreign exchange rates held its first meeting in Benghazi on Wednesday. The meeting was also attended by Badr Al-Naheeb, the head of the Economic, Trade, and Investment Committee, and Zayed Hadia, the head of the Oversight Bodies Follow-up Committee.
The meeting discussed the potential effects of imposing the tax on foreign exchange rates since its implementation in the Libyan market and heard the views of economic and financial experts on the matter. The committee also determined its work plan and schedule, with the next meeting set for Thursday evening.
In a statement, the official spokesperson for the House of Representatives, Abdullah Blihiq, confirmed that the committee is working pursuant to Resolution No. 3 of 2024 issued by the House of Representatives, aimed at studying the potential impact of the foreign exchange tax on Libyan citizens’ income.
The formation of this committee comes as part of the House’s efforts to assess current economic policies and their implications for citizens, ensuring that appropriate decisions are made to safeguard the interests of the Libyan people.