Urgent economic plan in preparation
LIBYA – House of Representatives Speaker Salehin Abdulnabi on Thursday, 22 October 2026, discussed with the head of the National Planning Council, Ahmed Khalifa Breidan, ways of drawing up an urgent economic plan aimed at rationalising public spending and protecting public funds, as well as studying a plan to adjust the exchange rate of the dollar against the Libyan dinar and to diversify sources of income.
The meeting was held at the Speaker’s office at the House of Representatives’ Diwan headquarters in Benghazi and was attended by economist Dr Abdulsalam Al-Badri, a faculty member at the University of Benghazi’s Faculty of Economics, according to the House of Representatives’ media office.
Exchange rate study and income diversification
The meeting examined ways to put in place an urgent plan to rationalise public spending and protect public funds, to study a plan to adjust the dollar’s exchange rate against the Libyan dinar, and to work on diversifying sources of income, with a comprehensive vision on these issues to be prepared as soon as possible.
The discussion of an exchange rate adjustment remains at the stage of studying and preparing proposals; the statement did not announce any decision to adopt a new exchange rate.
Meeting with experts expected within 10 days
The participants agreed to draw up a proposed list of Libyan experts in economics, banking, oil and finance, ahead of a meeting with them within 10 days to draw on their expertise and views in preparing the proposed economic vision.
