News In Brief
Al-Kabir reviews solutions for cash shortage at banks in Libya
August 30, 2021 - 22:12
Written by: AbdulkaderAssad
The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, discussed with General Managers of Libyan commercial banks solutions proposed by the CBL to tackle the shortage of cash, which it said the banks are committed to provide for Libyans on a daily basis.
The Governor reviewed also in the meeting the bank clearing issue, vowing to work toward ending this problem, especially with the increased debts of the banks to the CBL and their ability to sell foreign currency to their clients.
Al-Kabir reiterated the importance of the role of the commercial banks in moving forward the Libyan economy by funding small and medium projects, including industrial activities.