The Libyan Prime Minister, Fathi Bashagha, said that the adoption of the budget by a law from the House of Representatives is binding on the Central Bank of Libya and its board of directors to implement it so that they do not fall under the law, adding that he addressed the Board of Directors of the Central Bank of Libya and found a response from them, and some funds were provided for the past period with a value of about one billion and 500 million dinars.
Bashagha added, in statements to WTV, that his government is waiting for more funds for the last quarter of the year, especially in the development item. He noted that they addressed all municipalities without exception to provide them with data and the most important struggles that need urgent treatments, and that the Libyan government is ready to serve all municipalities in the entire country and will also take the necessary measures in terms of development to implement projects in all parts of Libya.
With regard to the decision of the Board of Directors of the Central Bank of Libya to amend the exchange rate to about 4.26 dinars per dollar, which Al-Kabeer refused to implement. Bashagha said that for nearly 8 years, the Libyan dinar has lost its value until it reached a loss of 400% of its value, which affected the purchasing power of the citizen and the number of people who entered below the poverty line reached 2 million, so it is time to start the reform process and the Libyan dinar gets back its value.
Bashagha indicated that his government will work to ensure that the per capita share of development and services provided is equal for all citizens, east, west and south, adding that for this purpose, Parliament has formed a committee to manage resources, and the government is in the process of forming a committee that is also composed of a number of Libyan experts to develop a proposal of how to manage the financial resources of the state.