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Home Business

Misrata Chamber to hold protest in front of the CBL to ‘‘escalate the situation’’ regarding unfair monetary policy and policy neglect

Threatens a general shutdown of businesses

bySami Zaptia
February 29, 2024
Reading Time: 1 min read
A A
Misrata Chamber opens registration of contracting companies to implement its projects – including foreign and JV companies

Misrata Chamber of Commerce (Logo: MCC)

Misrata Chamber of Commerce held a meeting today its headquarters headed by its chairman, Fathi Al-Amin Al-Turki with several Misrata city merchants and company owners affiliated with the Chamber to followed up on the latest developments regarding the statement the chamber issued on 26 February criticising Central Bank of Libya and the Tripoli Ministry of Economy policy.

The statement had complained about what it called the unfair monetary policies of the Central Bank of Libya and the instability of the exchange rate, as well as the Ministry of Economy’s neglect of its responsibility towards economic policy and the monopoly of export and import for some companies, contributing to the instability of the exchange rate in the parallel (black) market.

The statement had also threatened a general shutdown of businesses.

Misrata Chamber said a committee has been formed to hold a meeting next Saturday regarding coordination and communication with the competent authorities to solve the problems and arrange a protest in front of the Central Bank to ‘‘escalate the situation’’.

 

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Tags: CBL Central Bank of LibyaFathi Al-Amin Al-Turki head of Misrata Chamberforeign exchange black-market parallel marketFX foreign currency exchange

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