Tripoli: Inflation in Libya has reached a dangerous level, threatening social unrest and the livelihoods of Libyan families. Economist Mohamed Abu Snina warned that the soaring inflation poses the greatest threat to the Libyan dinar, as the continuous rise in the prices of basic commodities has led to the disappearance of the middle class and an increase in poverty rates.

According to Libyan News Agency, Abu Snina emphasized the urgent need for action, urging all efforts and policies to be directed toward curbing inflation. He highlighted the importance of effective integration between fiscal, monetary, and trade policies to address the issue.

Abu Snina pointed out that a comprehensive review of state institutions’ policies is necessary to tackle inflation. This includes controlling the exchange rate, managing the money supply, rationalizing public spending, regulating markets, securing sources of imported goods, improving the efficiency of supply chains, and strengthening anti-monopoly measures.