The Central Bank of Libya (CBL) has announced the provision of 15 billion dinars to all operating banks during the coming months, confirming that the actual distribution will begin to all bank branches starting on Sunday. This came during a meeting with the CBL Governor, Naji Issa, on Thursday with the general managers of major banks, and in the presence of the directors of the relevant departments of the CBL. The meeting discussed solving the liquidity crisis, developing electronic payment services, modernizing banking systems, organizing foreign exchange sales, as well as reactivating exchange offices. It also reviewed the start of granting licenses to exchange companies, organizing them, and announcing the actual start of accepting applications as of mid-November.

Source: Libya Observer October 18, 2024 23:45 UTC