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Libyan Businessman says the country’s economic system serves as a “cash cow”

The Libyan Businessman Rashid Sawan said during a televised interview for WTV channel and Tabadul Platform that the political conflict in Libya is a conflict for corrupt money, pointing out that the country’s economic system has not been changed because it serves as a “cash cow” that brings the money.

The businessman accused the state of granting the formal legislation to steal its money. For instance, the state legislated to give the trader a right that was not his, while it legislated to give “crumbs” to its citizens.

Sawan considered the money spent on fuel as the corrupt money that feeds wars, positions and meetings, stressing that the corrupt money is divided into two parts; First, the subsidies. Second, the price difference.

According to him, the political issue could be solved if the two aforementioned points would be addressed.

” If we unify the dual exchange rate, as well as substitute the subsidies, 80 % of the economic issues and 50 % of the power struggle, would be solved,” he said.

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