Libyan state council demands fees on foreign currency purchase

Source: Xinhua| 2018-08-19 09:57:56|Editor: Yurou
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TRIPOLI, Aug. 18 (Xinhua) -- Chairman of Libya's High Council of State Khaled al-Meshri said Saturday that fees should be imposed on the purchase of foreign currencies in Libya in order to boost the exchange rate of the local currency.

Al-Meshri made the remarks during a meeting with Deputy Special Representative of the UN Secretary-General in Libya Stephanie Williams in the capital Tripoli.

Al-Meshri said that "the current stage requires imposition of fees on purchase of foreign currencies, in order to reach a balanced price (of foreign currencies)," according to a statement by the council's information office.

The two sides discussed political and economic developments in Libya, the constitution referendum law, as well as means to solve internally displaced people.

The council is an advisory body for the Libyan government. It plays an important role in making state policies and choosing candidates for some key offices.

Oil-rich Libya has been plagued by insecurity and political division since the 2011 uprising that toppled former leader Muammar Gaddafi.

Libya's economy has since been suffering a lack of liquidity in banks and a dramatic drop in the exchange rate of the local currency against foreign currencies.

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