During a televised interview for Libyan WTV channel and Tabadul Platform, the current Deputy Minister of Finance, Mraja Gaith, has advocated the need for the unification of the Libyan dinar exchange rate, pointing out that the distorted exchange rate is one of the root causes of corruption in Libya.

“In order to reduce corruption, we have to standardize the exchange rate… Such issue is the sole prerogative of the Central Bank of Libya.” the Deputy Minister said.

” The black market’s approach with regard to business operations is wrong.” Mraja Ghaith said, while calling on the governor of the Central Bank of libya, Al-Siddiq Al-Kabeer, to resume a dialogue agian.

“Allowing set off, unifying the exchange rate, establishing credits and executing transfers will make traders resort to the bank instead of the parallel market, which would show a significant improvement.” he said.

” The one responsible for the suspension of the automated clearing for over a year must justify this.” he added.