The Speaker of the House of Representatives, Aguila Saleh, issued a decision on Sunday to adjust the fee imposed on the official exchange rate for foreign currencies, reducing it to 20% from 27% for all purposes. The decision also allows for further reductions depending on the state’s revenue conditions.

The second article of the decision states that the revenue generated from the tax fee will be used to cover developmental project expenses if necessary, or it may be added to the resources allocated by the Central Bank of Libya to repay public debt, in accordance with the House’s 2023 law, while considering the exemptions granted by the Speaker.