The Ministry of Economy states that prices of some basic goods have dropped by more than 30% following a government campaign to regulate the market.
The decline is part of a gradual correction process without imposing fixed prices.
The drop is now being felt by consumers, with some goods costing over 30% less than they did on January 5th.
The campaign will continue nationwide, in accordance with the prime minister’s instructions, and will be carried out under existing laws. Authorities are closely monitoring import credit lists for each product and trader to enhance transparency and market stability.
Ministry of Economy
The Ministry of Economy is a government department responsible for formulating and implementing national economic policy. Its history is tied to the modern development of the state it serves, typically evolving from earlier finance or trade ministries to address comprehensive economic planning, industry, trade, and competitiveness.
Libyan-German business and investor forum
The Libyan-German Business and Investor Forum is a platform established to foster economic cooperation, trade, and investment between Libya and Germany. It emerged in the post-Gaddafi era as part of efforts to rebuild Libya’s economy and integrate it into international markets, facilitating dialogue between businesses and officials from both nations.
