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Libyan Commercial Banks on verge of collapse

07

Libya’s economy is seeing a jumbled mumbled situation that is ominous of a great collapse to strike its most valuable sector, the commercial banks.

The banks in Libya are now in a financial setback and a suffocating cash crisis that has plunged the country into a dire situation, where thousands of  people are filing every day to cash out some money to provide for themselves and their families.

On Saturday, the Audit Bureau warned that Libyan commercial banks could see a collapse and turn bankrupt then shut doors, which could plunge the city into an alarming economic catastrophe.