Exclusive: Trade and Development Bank Requires Customers to Deposit Cash When Recharging Foreign Currency Cards

Our source has exclusively obtained a circular issued by the Trade and Development Bank to its branches, requiring that the value of foreign currency card recharges be deposited in cash instead of using electronic payment methods.

This step runs counter to the directions of the Central Bank of Libya, which call for the adoption of electronic payment instruments. Specialists consider that this measure could contribute to widening the exchange rate gap applied by the bank.