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“No dual exchange rate existed during the Libyan former regime”

During a televised interview for Libyan WTV channel and Tabadul Platform, an official of the former regime, Ali Abou Jazia, stressed that he was against a previous project that was suggested on dispensing with the Public sector in favor of the private sector through missing the hospitals, the clinics, and schools.

“No state goes without the public sector.” Abou Jazia said, calling on the public sector to be adjacent to the private one.

The spokesman also denied the existence of a dual exchange rate during the former regime, stressing that there no official document in the Treasury Department had dealt with a dual exchange rate, with very few exceptions in particular circumstances.

“Umm Aljawaby Company provides the requirements of the National Oil Corporation, considering that it does not sell to other sectors,” Abou Jazia said.

” Revolutionary Committees did not involve in encroaching on the country’s firms and institutions… The state got trapped in the public sector because it had not developed its necessary mechanisms.” Abou Jazia added.

According to the spokesman, the public system entered into very large audits, including economic ones. For instance, the negative aspects were studied, including Act No. 4.

Abou Jazia also pointed out that the conflict was about the foundations, and not about the details.

” The amendment to Act No. 4 had been allowed, the way foreign companies would contribute had been reviewed, and the promotion of the private sector had been carried out.” the spokesman said.

As far as the concept of justice is concerned, the Abou Jazia said that it is linked to equal opportunities for all.

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