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Exclusive: Central Bank — Value of Letters of Credit Approved by Banks via the Platform Reaches $7 Billion, Regularly Verified and Sent to the CBL

The Central Bank of Libya revealed exclusively to our source that the total value of letters of credit approved by banks through the credit platform reached $7 billion, and these have been verified and forwarded to the Central Bank on a regular basis since August.

It added that it continues to process and approve these requests and works on settling all approved and completed transactions.

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