No Result
View All Result
Monday, December 15, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Libya

At Gharian cabinet meeting, Aldabaiba explains fall in black-market value of dinar and resounds alarm over fuel subsidies

bySami Zaptia
November 11, 2023
Reading Time: 2 mins read
A A
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU

(GNU).

The most prominent points in the speech of Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba at the ninth regular cabinet meeting of 2023 held Thursday in the city of Gharian were:

  • We renew our position rejecting the Israeli occupation’s aggression against the Gaza Strip and the policy of systematic killing and extermination practiced against them.
  • We allocated US$ 50 million in humanitarian aid to the people of Gaza out of solidarity and duty.
  • We welcome the Security Council’s decision to extend the work of the United Nations mission in Libya, and we will open horizons for cooperation with it to complete the steps of the road map to end the transitional stages and in preparation for the elections.
  • Our doors are open to regulatory authorities to monitor government spending on projects in various parts of the country.
  • Parallel government (the internationally unrecognised Libyan government based in the east of Libya) spending exceeded more than 15 billion dinars and is not subject to any regulatory body, which contributed to hitting the hard currency (black) market.
  • Parallel spending is not concerned with salaries and state financial budgets and is taken from the funds of depositors in commercial banks.
  • Parallel spending encourages money laundering and smuggling operations and increases the demand for purchasing hard currency on the black market.
  • We are committed to the monetary policies of the Central Bank of Libya to preserve the value of the Libyan dinar and the balance of the Libyan economy.
  • After today, there will no longer be any corrugated metal roof school in our country. We are working to establish 10 schools, of which we have created 8 schools in the city of Gharian.
  • The fuel subsidy numbers are frightening. Electricity takes 60% of the fuel subsidy, and the value of 40 billion dinars is the fuel subsidy for citizens.

It is worth pointing out that Aldabaiba chose to hold last Thursday’s cabinet meeting in Gharian after the city was briefly taken over by pro Khalifa Hafter Gharian militias who had fled the city with Hafter’s forces when the Tripoli government had retaken it. The city was soon returned under Tripoli-aligned forces.

RELATED POSTS

Former financial controller at the Libyan mission to the Vatican City State to be detained for misappropriation of € 646,249 meant for treating war wounded

20th meeting of the Libyan Tunisian Task Force for the Mutual Recognition of Certificates of Quality and Conformity Marks being held in Misrata from 13 to 16

Related Posts

Attorney General orders arrests at Jumhouria bank branch for embezzlement
Libya

Former financial controller at the Libyan mission to the Vatican City State to be detained for misappropriation of € 646,249 meant for treating war wounded

December 15, 2025
Wanted criminal militiaman Ahmed Omar Al-Fetouri Al-Dabashi, nicknamed “Al-Amu,” killed in counter security operation
Libya

Wanted criminal militiaman Ahmed Omar Al-Fetouri Al-Dabashi, nicknamed “Al-Amu,” killed in counter security operation

December 14, 2025
REAoL makes 500 MW Ghadames solar project site inspection
Business

REAoL holds meeting with EU Commission – support in technical consultations, studies, training and qualification of specialized cadres offered

December 13, 2025
ACA reveals 94,000 cases of state sector salary duplication in 2015
Libya

“Building Libyan National Capacities in the Fields of Combating Corruption and Money Laundering 2025–2027” agreement signed between ACA and UNSMIL at Anti-Corruption event

December 10, 2025
CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December

December 7, 2025
CBL receives results from meetings with international banks
Business

Latest CBL stats to November 2025 show significant growth in Libya’s electronic banking sector

December 6, 2025
Next Post
Nearly 11,000 migrants repatriated from Libya and 3,165 Mediterranean fatalities: IOM

IOM’s YESS Programme organises private sector networking workshop in Benghazi

National Commercial Bank is first bank to implement use of unified automated company registration number as part of its KYC process

NCB launches US$ 100,000 limit debit Mastercard for SME sole traders

libyaherald-Ads

Top Stories

  • NOC announces force majeure at Zawia port

    BP celebrates the reopening of its Tripoli office: NOC

    0 shares
    Share 0 Tweet 0
  • Libyan banks cannot give loans without proper collateral and regulations that allow for recourse in case of default: Tadawul Tech Chairman Naaman Elbouri

    0 shares
    Share 0 Tweet 0
  • U.S. company Farm Tech meets NDA in Benghazi to discuss 1,000 pivot irrigation project to bolster Libya’s food security

    0 shares
    Share 0 Tweet 0
  • Housing and Construction Ministry discusses partnership with China’s CSCEC for infrastructure and housing projects

    0 shares
    Share 0 Tweet 0
  • Banking Forum in Tunis Concludes with Strong Calls for Monetary Discipline, Exchange Rate Policy Reform, and Structural Financial Overhaul

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Former financial controller at the Libyan mission to the Vatican City State to be detained for misappropriation of € 646,249 meant for treating war wounded

20th meeting of the Libyan Tunisian Task Force for the Mutual Recognition of Certificates of Quality and Conformity Marks being held in Misrata from 13 to 16

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.