The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, and the Head of the High Council of State, Mohamed Takala, have discussed the exchange rate, fuel subsidies, and 2024 budget.

This came during their meeting at the headquarters of the High Council of State (HCS), according to a statement published by the HCS media office.

The statement explained that the meeting discussed the reasons behind spiked exchange rate in the parallel market and how to address it, besides the state’s 2024 public budget, as well as the reasons for the increase in fuel subsidies and its impact on Libyan economy.