Libyan Bakers’ Syndicate reveals reasons for bread price hike

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Libyan Bakers’ Syndicate reveals reasons for bread price hike

January 12, 2021 - 11:43
Written by: LibyaMohammed

The head of the Libyan Bakers’ Syndicate, Khreis Mohammed, on Monday attributed the reasons for the  increase in the price of bread to the high prices of flour, as a result of the Central Bank of Libya (CBL) amendment of the dinar exchange rate against the dollar.

He pointed out that the mills’ owners increased the prices of flour from 155 dinars to 210 dinars per quintal, confirming that the CBL had not opened credits to import flour since last August, which exacerbated the bread crisis.