The National Unity Government: We reject the unilateral steps taken by the Speaker of Parliament that affect the state's financial and monetary policy.

Tripoli, February 24, 2026 (LANA) – The Government of National Unity announced its categorical rejection of what it described as the House of Representatives' unilateral actions affecting the state's financial and monetary policy. These actions include initiating procedures to impose a tax on imported goods by including them in foreign currency sales or letters of credit, without coordination with the relevant executive authority or a Cabinet decision.

In a statement published on its platform, the government affirmed that taking measures with a direct impact on the exchange rate and price levels outside the executive branch's purview constitutes a violation of the principle of separation of powers. It added that such measures disrupt the market and exacerbate economic uncertainty. The government stressed that the core of the dollar exchange rate crisis is fundamentally linked to parallel spending outside the approved budget, which has reached levels several times exceeding the national economy's absorptive capacity and surpassing the state's actual ability to finance without jeopardizing monetary stability.

The statement also explained that this spending resulted in inflation of the local money supply without sufficient production or foreign reserves to back it, creating excessive demand for foreign currency and mounting pressure on the exchange rate. She pointed out that imposing additional burdens on imported goods will not address the root of the problem but will directly impact their prices and increase the burden on citizens.

The Government of National Unity concluded its statement by affirming that its vision for a genuine solution begins with strict adherence to the Unified Development Program, which serves as the framework for regulating public spending across all regions of Libya, through the relevant executive bodies, and within a realistic financial ceiling that aligns with the capacity of the national economy and preserves monetary stability.

...(LANA)...