Benghazi – Speaker of the House of Representatives Salehin Abdel Nabi met Thursday with Ahmed Khalifa Breidan, head of the National Planning Council, to discuss a new emergency economic plan for Libya. The plan aims to reduce public spending and protect public funds. Officials also considered revising the exchange rate of the US dollar against the Libyan dinar and diversifying the country’s sources of income.
The meeting took place at the House of Representatives’ offices in Benghazi and was attended by Dr. Abdel Salam Al-Badri, an economist and faculty member at the University of Benghazi. According to the House of Representatives’ media office, participants discussed preparing a comprehensive plan to lower government expenses and review the exchange rate. They also discussed developing a proposal to diversify the country’s revenues.
The discussion about the exchange rate remains at the proposal stage. No official decision was announced regarding any new rate.
Participants agreed to draft a list of Libyan experts in economics, banking, oil, and finance. They plan to invite these experts to a meeting within ten days to contribute their expertise and opinions to the proposed economic strategy.