The General Oil Union has urged the Libyan Parliament to reconsider the decision made by its President, Aguila Saleh, regarding the imposition of a tax on foreign currency sales.

In a statement Sunday, the union called on members of Parliament to conduct comprehensive monitoring of the Libyan market and provide genuine oversight and tracking of banking credits, as well as monitoring the movement and arrival of goods to their destinations in the Libyan market. 

The union stressed that such a step is essential to prevent goods from becoming targets for speculators and brokers.

The statement also highlighted that the decision to impose a tax on foreign currency would fail to resolve the current economic and financial crisis.

This would lead to price increases proportional to the tax and worsen the suffering of citizens due to the lack of regulation and tracking of food distribution channels, the union noted.