Spreading hope in Libya's economy ... by not raising the price hike during the month of Ramadan
By compensating for the years of high prices and the devaluation of the Libyan dinar, which is completely lost to the economies of the Libyan state and the failure of the Central Bank of Libya to contain the deterioration of the Libyan dinar against the hard currency.
The private sector in Libya has the ability to cooperate with consumers in the provision of sufficient stocks of basic materials of sugar, rice, and tomato paste, oil of all kinds, cheese, pasta, flour and tea at appropriate strategic prices in the Libyan markets during the holy month of Ramadan.
The initiative of hope, in the role of the private sector in Libya, is to confirm prices stability during the holy month of Ramadan, which works on the special promotion not to double the food prices in the holy month of Ramadan. The initiative will give hope to the people affected by the Political conflicts and the internal war that is going on in the country.
Issues and social affairs in the country indicate the harsh images of the Libyan people displaced from their homes and for those who were displaced managed to escape the ongoing conflict in the country. Those who are still in their safety homes did not find ways to survive the cost of living. The daily cost of living is caused by price increases and the reversal of the value of the Libyan dinar and the lack of cash amounts available In Libyan bank deposits.
Libyan food merchants have a moral obligation towards consumers in Libya, a commitment in the form of a collective and ethical document that set forward to works to avoid raising the prices of basic foodstuffs during this difficult period in Libya's contemporary history.
The holy month of Ramadan is the holy month in which the Libyan people ensure that food prices are accessible to all and that goods are also available throughout the holy month to satisfy all consumers, citizens, and residents of Libya.
Activating the “Ethical Document” Suppliers, wholesalers and retailers have been generous to make commitments that this year's holy month of Ramadan will be fine and there is no fear of any meat, poultry or other commodity crisis, thanks to the rapid response of traders, companies and working partnerships to meet the needs of the local market in Libya. .
Economic solutions may also be through the Libyan private sector and ways to benefit from participation in the Libyan national economy to overcome the class gaps that began to emerge in Libyan society as a result of the economic deterioration in Libya from high prices and the devaluation of the Libyan currency.
Initiatives from the people of the Libyan nation needed in setting the facilities for the food and consumer sector in Libya, which is considered to protect Libyan food security and thus are the first and quick steps for Libya's national economic recovery process.
All aspects of Libyan society must cooperate fully and positively with the requirements of the current stage and undertake to confront any situations that threaten Libyan food security, an increase in unethical prices that violate the “Libyan national moral document”.
By Ramzi Halim Mavrakis