Libya: Ghaith warns of accelerating inflation and declining purchasing power due to import taxes

Financial analyst Abdul Hakim Amer Ghayth believes the Central Bank’s decision to apply new taxes on imported goods will increase market sensitivity. This timing coincides with a decline in the dinar’s value. It also aligns with rising inflation expectations. This situation may prompt traders to pre-price goods. They would do this in anticipation of higher import costs. Ghayth made these remarks in special statements to the Qatari “Al-Araby Al-Jadeed” website.

He stated that imposing…