Issa and Al-Barassi Discuss with Major Banks Solutions to the Cash Shortage Crisis, Including the Central Bank’s Initiative to Provide 15 Billion Dinars for All Operating Banks
The Governor of the Central Bank of Libya, Naji Issa, and his Deputy Marai Al-Barassi discussed today, Thursday, with the general managers of major banks the resolution of the cash shortage crisis, the development of electronic payment services, the modernization of banking systems, and the regulation of foreign currency sales, as well as the reactivation of exchange offices.
During the meeting, they also reviewed the Central Bank’s plan to provide cash liquidity in the coming weeks. The Central Bank has initiated a plan to allocate 15 billion dinars to all operating banks in the upcoming months, with the actual distribution of liquidity to all bank branches set to begin in early November.
Additionally, they discussed electronic payment services and the expansion of issuing bank cards, which will support addressing the liquidity shortage problem. As part of organizing the foreign currency market, they talked about starting to grant licenses to exchange companies and organizing their operations, with an announcement on the actual commencement of accepting applications starting mid-November.
