“Sanalla’s recent speech is considered as a scream filled with so much honesty. It is a scream of a Libyan citizen who feels the suffering of the Libyan people.” said Ghazi Maalli, a policy analyst and researcher, during a televised interview for WTV channel and Tabadul Platform.
” There is a very high rate of inflation exceeding 200 or 250 per cent, and this only happens in failing states. The situation has been developing to become similar to the Venezuelan example. At the scientific level, Libya is not only too far from failure, but also from the Venezuelan example.” Ghazi Maalli said.
Compared with Tunisia, the analyst revealed that reserves in Libya stands at about $57 billion. However, reserves in Tunisia balance to $5 billion.
“Libya’s population is at about 6 million, and it has no debts. However, Tunisia that includes about 12 million people has debts of around $40 billion,” he added.
The researcher called for the necessity of determining the exchange rate at 1.40 or, at the very least, at 3.5, considering that any increment in salaries may deepens the inflation and weakens the purchasing capacity.