During a televised interview for Libyan WTV channel and Tabadul Platform, the Libyan financial analyst, Abdul Hamid Al-Fadhil, discussed the effects of creating a single exchange rate and expressed his optimism about this “ landmark decision” that will reportedly be announced during the meeting of the Central Bank of Libya’s Board of Directors, next Thursday, considering it the last chance after so many years of suffering.
While encouraging and expressing a clear acknowledgement for such meetings, the financial analyst stressed that all the Libyans are waiting for these life decisions that would either make them happy or make them sad.
According to Al-Fadhil, the reluctance or delay in taking such crucial decision may deepen the crisis and put the Libyans not only under the weight of high prices and low income, but also under the weight of a differential pricing.
The economic analyst called on the officials who will meet next Thursday to be responsible because the Libyan people suffered a lot, confirming that the decision that should be taken is perfectly a historic and economic one.
” If the exchange rate will not be changed, holding peaceful demonstrations would be the only solution,” he said.