Cover image: Russian President Vladimir Putin in Moscow, Russia, May 5, 2024. VALERY SHARIFULIN / AFP
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The Baltic Sea is in a bad ecological state and immediate action is needed to improve the environment / Diena
#Baltic #Sea #bad #ecological #state #action #needed #improve #environment #Diena
WWF was informed by the LETA agency that the main emphasis in the ministerial talks was on the implementation of the Baltic Sea Action Plan and setting priorities, based on the new findings obtained from the comprehensive assessment of the state of the marine environment “Holas3”.
As WWF informs, according to the “Holas3” report, the Baltic Sea is currently in a bad ecological state and immediate action is needed to achieve the expanded goals and improve the state of the marine environment. In almost all marine areas, fish populations are threatened and commercial fish stocks are fragile.
According to the authors of the report, the natural food web has been disrupted in some places. The massive growth of different species of algae, caused by the excessive entry of nutrients into the water, has led to a lack of oxygen, a decrease in water transparency and the formation of large dead zones. One third of the Baltic Sea is already dead.
Climate change exacerbates these direct threats to biodiversity. The Baltic Sea has warmed faster than any other sea on the planet, says WWF.
At the HELCOM Ministerial Meeting, WWF Baltic Sea Program Director Johanna Fox highlighted WWF’s concerns about the significant delay in the implementation of the Baltic Sea Action Plan and reminded Baltic Sea decision-makers that it is their responsibility to step up action and ensure that the protection and restoration of Baltic Sea ecosystems becomes a priority for member states – both both financially and legally.
LETA already reported that a HELCOM meeting was held in Riga, where a declaration was signed confirming the commitment of HELCOM European Union member states to continue protecting and improving the state of the Baltic Sea environment.
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“Ali Al-Sharif”: The inflation of the general budget causes the cessation of the sale of foreign exchange and the decline in the value of the dinar
A faculty member at the University of Benghazi, Ali Al-Sharif, told Sada Al-Eqtisadiah about the reasons for the rise of the dollar and the deterioration of the value of the Libyan dinar in the market. He said: The reason is due to the weak management of the exchange rate policy in the Central Bank of Libya due to the current situation, and the main reason for the deterioration and decline of the value of the currency is the cessation of… Selling hard currency to all citizens (personal items and credits) due to the inflation of the general budget.
He added: There were problems related to trading in dollars and speculation, which forced the Central Bank to close the exchange rate and not increase the supply of dollars until the exchange rate in the parallel market decreased and the value of the Libyan dinar increased.
According to Al-Sharif, the measure taken by the Central Bank, which is to reduce the value of special purposes from $10,000 to $4,000 per person, i.e. a 60% reduction, does not achieve a balance to return the exchange rate to its previous state.
He continued, saying: Previously, the Central Bank was selling special purpose cards for 10 thousand dollars, and there was a difference estimated at a quarter of a dinar between the official and the parallel market, and now it is selling for 4 thousand dollars, and this will cause a decrease in the supply compared to the previous year, and therefore the parallel market will rise more than last year. .
“Al-Sharif” concluded by saying: The system has been opened many times, but it is clear that there is a problem with it, and the individuals’ dealing with it and its slowness in receiving the matches, and receiving a limited number of them every day. These are all restrictions, and the Central Bank must set policies to disburse the dollar without any restrictions and disruption of the mobilization. The market is in dollars, and the value of the dinar is affected. I hope to prepare a budget that is appropriate to the volume of hard currency that enters the Libyan economy annually, so that there is no excess spending that affects the demand for dollars. The Central Bank has formed a committee to match demand and market needs in order to create a kind of balance in the market. Libyan demand for the dollar.
You can also read the news in the source from the Sada Economic newspaper
#Ali #AlSharif #inflation #general #budget #cessation #sale #foreign #exchange #decline #dinar
2024-05-06 07:46:32
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