In a conversation with our source, Jalel Al-Harchaoui, a Libya affairs expert at the Royal United Services Institute, confirmed that a currency trader at Wahda Bank in Benghazi allegedly deposited checks worth 280,000 dinars and immediately cashed them out despite the checks not being backed by corresponding deposits in another bank.
As a result, all check transactions at Wahda Bank have now been suspended. This bank is known for handling numerous dinar transactions related to the National Oil Corporation.
Al-Harchaoui told Sada Economic that northeastern Libya does not contain multiple power centers, noting that he is aware of only a single power center in that region.
