The Bank of Commerce and Development has introduced Libya's first local travellers cheques in a bid to ease the current severe cash shortages in the country.
The bank said on its Facebook page the pre-paid cheques are printed in different dominations including 20, 50, 100, 200, 500, 1000, 5000 and 10000 Libyan dinar.
The move is part of efforts by local authorities to tackle the cash crisis, which sparked wide-nation frustration and anger as workers failed to draw salaries from banks.
The Governor of Central Bank of Libya Al-Siddiq Al-Kabeer has attributed the acute shortage of cash to the absence of security and stability as well as the entangled political situation.
Last month, a shipment of LYD400 million arrived in Tripoli-based Mitiga Airport from Britain but it failed to resolve the cash crunch.
Libya's banks are now looking for alternatives for the cash so people can get their daily needs smoothly. In August, the Bank of Commerce and Development introduced “Pay Me” service while Jumhouria Bank introduced point of sale terminals which are now widely used in shopping malls, supermarkets, and restaurants.
Related: Video: Libya's cash crisis deepens