During a televised interview for Libyan WTV channel and Tabadul Platform, the founder of the Libyan Exchange Stock Market, Suliman Al-Shahomi, confirmed that there are three fundamental prerequisites that would serve the demands of the demonstrators, which are; Addressing the issues of the dual exchange rate, fuel subsidies and the transparency in the provision of letters of credit. These demands are addressed to the government as well as to the Central Bank.

“Corruption in Libya boils down to the local budgets or external transfers… Unifying the exchange rate is the best solution, whether for a government agency, or for the public and private sectors… Fuel subsidies are also sources of corruption.” Suliman Al-Shahomi said.

 “We have a serious problem, which is corruption. It is a fundamental driver in the current equation… If we consider corruption at the top of the pyramid, then the deterioration of living standards and unemployment would be the base of the pyramid… Corruption is a fundamental engine in today’s equation, as a result of which demonstrations took place.” He added.

Al-Shohomi stressed that we Libya needs to change the mechanisms of work, given that the system is the one that opens the door to every corruption process. He also called for addressing the roots of corruption.