The Ministry of Economy in Tripoli gave the green light for the Prices Balancing Fund on Tuesday to purchase basic commodities from local importing factories and companies.

The ministry conditioned the purchase operations to the need for the goods to be already at ports and customs’ points as well as available in the factories.

Meanwhile, the head of the prices balancing fund, Jamal Al-Shibani, proposed to the Presidential Council buying goods from local firms then prioritizing them in new letters of credit to import more goods.