Libya's Central Bank liquidates 5 billion dinars of banks' loans

banking - April 19, 2021

The Central Bank of Libya said it would liquidate the second installment of the loans given to the Libyan commercial banks, adding in a meeting headed by the Governor, Al-Siddiq Al-Kabir, and a number of heads of administrations, that the installment was worth five billion dinars.

The Central Bank of Libya added in a statement on Facebook after the meeting that the installment should be used in backing up the assets of the commercial banks for clearing transactions, in addition to providing cash for people and funding foreign currency transactions.

The meeting of the Central Bank of Libya also discussed availability of cash at the banks and clearing transactions, according to the media office.

libyaobserver



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