No Result
View All Result
Saturday, March 14, 2026
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

ACA continues to receive reports of abuse and corruption in public entities from whistleblowers on its Raqeeb website – reaffirms guarantee to protect informants’ identity

Tripoli Business Hub opens – aiming to support and empower emerging businesses within the capital

Related Posts

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

ACA continues to receive reports of abuse and corruption in public entities from whistleblowers on its Raqeeb website – reaffirms guarantee to protect informants’ identity

March 14, 2026
ACA reveals 94,000 cases of state sector salary duplication in 2015
Libya

Special Flights Authority former official sentenced to five years imprisonment and US$ 13 million fine for Antonov engines corruption

March 13, 2026
HoR condemns Serraj’s foreign intervention call
Libya

HoR Speaker Saleh cancels new import tax having previously claimed he had never agreed such a tax. Is Saleh’s position weakening? Report and analysis

March 13, 2026
HSC confirms conditional attendance of Paris conference
Libya

HSC‘s National Accord Bloc calls on relevant authorities to act against the ”corrupt and illegal” Arkenu Oil Company

March 13, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

At the first 2026 Cabinet meeting: Aldabaiba calls for unified state institutions, freezes development spending and calls for elections

March 12, 2026
GNU to take oath at Benghazi HoR session and budget to be approved at Tripoli session: GNU
Libya

Aldabaiba reveals his new ministerial appointments – top posts of Interior, Oil and Gas, Foreign Affairs and Defence remain unchanged: Report and analysis

March 12, 2026
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

Top Stories

  • Op-Ed: Boulos entrenches Libya’s “flawed reality” and absence of a European role opens door to paths that deepen crisis

    Op-Ed: Boulos entrenches Libya’s “flawed reality” and absence of a European role opens door to paths that deepen crisis

    0 shares
    Share 0 Tweet 0
  • Tripoli government team holds further meeting with Boeing regarding the establishment of a new airliner

    0 shares
    Share 0 Tweet 0
  • Aldabaiba reveals his new ministerial appointments – top posts of Interior, Oil and Gas, Foreign Affairs and Defence remain unchanged: Report and analysis

    0 shares
    Share 0 Tweet 0
  • CBL allows official foreign residents in Libya the use of e-Wallets – sets daily transfer categories

    0 shares
    Share 0 Tweet 0
  • Libya’s dinar budget revenues in credit but its dollar expenditure posts US$ 2 bn deficit: CBL January to February 2026 report

    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

ACA continues to receive reports of abuse and corruption in public entities from whistleblowers on its Raqeeb website – reaffirms guarantee to protect informants’ identity

Tripoli Business Hub opens – aiming to support and empower emerging businesses within the capital

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.