CBL confirms flour crisis is on demise

  • Libyan Express |
  • Saturday 26 March 2016

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Deputy Minister of Economy, Ali Al-Mahjoub, confirmed that the flour crisis in the country will come to an end in 10 days after the Central Bank of Libya had allowed letters of credit with 53 million, which it said were put on hold in the bank.

The Deputy also said that the CBL will also activate some other letters of credits and that there is a shipment of wheat in Tripoli port the has been allowed to be distributed in the country upon paying for their credit letters.

Meanwhile, shortage of bread is growing inside the country due to rocketing prices of flour in the black market.

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