NSG discusses economic situation and foreign trade.

Tripoli, 09.02.2016(lana) Head of National Salvation Government (NSG), Khalifa Al-Ghawial met Tuesday in Tripoli with the committee formed to assess foreign trade in the presence of Minister of Finance, Salah Naser and financial advisor to the head of NSG. The meeting discussed the report submitted by head of the committee entrusted to study and assess the financial, economic and monetary position besides controls taken for opening of documentary credits. They also discussed proposals referred to the Central Bank of Libya on terms and conditions and controls organizing of opening of documentary credits and addressing the decline of the Libyan dinar vs foreign currency pushing up prices of food staff. The NSG recently formed committees comprising academics, trade unions and chambers of commerce and industry to study the economic situation and submit recommendations and programmes to the government. The NSG also wrote to the Central bank of Libya urging it to share with the government such recommendations and also to consider alternative solutions to address the decline of the Libyan dinar vs foreign currency. =Lana=