Libyan parliament challenges extension of currency tax
By the AFREEQUE newsroom, based on Libya Herald
The president of Libya’s House of Representatives, Al-Salheen Abdel-Nabi, has asked the Central Bank of Libya to end any increase in the official exchange rate based on a tax that expired on 31 December 2024. He says maintaining it without a new legal basis is irregular, according to the House of Representatives’ spokesman, quoted by Libya Herald.
The president of the Libyan House of Representatives, Al-Salheen Abdel-Nabi, has challenged the continuation of the tax applied to the official exchange rate for foreign currencies and wrote on Thursday to the governor of the Central Bank of Libya and his deputy, according to the parliament’s spokesman.
The letter argues that Article 4 of Parliamentary Decision No. 15 of 2024 limited its validity to 31 December 2024. Parliament therefore believes that applying it after that date requires a new legal basis, Libya Herald reports.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
