The General Libyan Union of Chambers (GLUCC) has called on the Presidential Council (PC) and the Central Bank of Libya (CBL) as well as the Planning and Economic Ministries, besides the other relevant authorities, to hold a meeting to discuss the needed urgent decisions to be made to resolve Libya's current economic crunch.
In a statement on Wednesday, the GLUCC said the meeting call comes in a time when Libya is swept over by the effects of bad economic situation, given the current acute shortage of commodities in the Libyan market.
"The GLUCC is an umbrella under which all other economic activities can rest, as long as they are lawful." The GLUCC added, saying that its first duty is to defend the public and private sectors' employees and share the proposals with the relevant authorities.
The Chairman of the GLUCC, Mohammed Al-Raeid, proposed on February 21 to the PC and the CBL as well as the Audit Bureau a number of ideas outlining his vision about the reasons behind the Libyan economic deterioration, giving them a number of solutions, including dropping the dinar's rate against the dollar.
The CBL considered Al-Raeid's proposal as detached from reality and as biased to the benefits of the businesspersons over the ordinary citizens.