The Central Bank of Libya revealed to our source that it has concluded a meeting with major banks to discuss challenges facing foreign currency sales for all purposes. The meeting resulted in agreements to accelerate the opening of letters of credit and the circulation of related documents, as well as speeding up card loading processes and resolving bottlenecks in large reservations, particularly at Al-Aman Bank, Commercial Bank, and others.<\/p>\n\n\n\n
The Central Bank added that it has agreed to inject $300 million today for card-related transactions, while continuing cash dollar sales at a faster pace. It also plans to expand bank branch coverage to include the far south of Libya, such as the city of Ghat and other areas.<\/p>\n\n\n\n
Furthermore, the Central Bank explained that banks will be granted authority to process direct transfers for small traders of up to $100,000 every three months to all countries worldwide, in order to facilitate import activities, effective starting Wednesday.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Central Bank of Libya revealed to our source that it has concluded a meeting with major banks to discuss challenges facing foreign currency sales for all purposes. The meeting resulted in agreements to accelerate the opening of letters of credit and the circulation of related documents, as well as speeding up card loading processes […]<\/p>\n","protected":false},"author":13,"featured_media":256921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[628,613],"class_list":["post-256920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-central-bank","tag-libya"],"acf":[],"yoast_head":"\n