The economist, Mohsen Al-Darija, said that in light of the inflation that occurs in prices as a result of the increase in imported goods, it is necessary to reduce the exchange rate and limit the expansion of the government budget.
He explained that price inflation is clear and does not need analysis, and its reason is the high cost of imported goods as a result of the high prices of various products and transportation costs in the world, adding that « the worst thing we can do is to increase the amount of Libyan dinars available to buy imported goods, because this will increase demand without reducing the prices of imported goods, which will lead to an even greater price hike. »
The economic expert, Mohsen Al-Darijah, indicated that the right trend now is to reduce the exchange rate so that the price of imported goods will decrease, in addition to the need to limit the expansion of the government budget.