Economic analyst: Since 2011, Libya has entered a dark tunnel and the Central Bank’s policies are wrong
Economic analyst Wahid Al-Jabbo confirmed that there have been negative economic repercussions in Libya since 2011, and all successive governments since that time have exposed the country to various crises, noting that since 2011, Libya entered a dark economic tunnel when the country began to export less than 200 thousand barrels, while It was supposed to export more than one and a half million barrels.
Al-Jabbo explained, in statements to Al-Massar TV, that the tragedy deepened in 2014 with the worsening of the civil war and the cessation of oil, and throughout these years the Libyan economy has collapsed and collapsed, pointing out that all successive governments have the same problems because they have the same mechanisms of corruption, decline, administrative and financial corruption, and clinging to power has been rampant since. 2011.
He continued that this crisis must be addressed in a political manner and a political solution must be reached in order for the economic problem to be solved, noting that the current crisis between the Central Bank of Libya and the Dabaiba government is not the main cause of the economic crisis because those differences may exist if the government is changed as well.
He added that the circumstances between Al-Kabir and Al-Dubaiba, or Al-Kabir and any other party, change according to interests. Yesterday’s enemy can become today’s friend, concluding by saying that bad monetary policy is a main reason for the wrong policies of the Central Bank of Libya, one of the most prominent symptoms of which was the crisis of liquidity scarcity.
