During “Flusna”, a television program broadcasted on WTV channel and Tabadul Platform, the Libyan Finance Minister of the Government of National Accord Faraj Bumatari denied issuing any instructions or decision from the ministry about suspending merchant goods in ports.
He explained that all the work done by the Customs Authority is only a proper application of the law No. 23 of 2010.
“The dollar has two separate lines. The first one is smuggling the funds limited to those who are close to the Central Bank and controlling the parallel market as well as the CBL’s decisions by transferring fictitious funds of hard currency to the black market to be sold to small traders,” Bumtari said, pointing out that the top dealers are the main source of dollars.
As far as the second line is concerned, Bumtari said that the second source of the dollar lies in the existence of goods that support certain orientation or particular parties within Libya.
“Some goods are being authorized without knowing their source of funding, and this is really dangerous,” he stressed.
“Some groups receive imported goods that worth millions in order to finance their business in Libya. However, the Customs Authority cannot ask about the source of these funds,” the minister added.
Faraj Boumtari added that the CBL’s practice that gives the financial force to some parties in order to control the fate of the country will be addressed.
“It is now a matter of political organization… the Central bank should play its role in the framework of an economically efficient policy,” he said.