Central Bank of Libya pledges tighter monthly budget

Central-Bank-of-Libya

The Commercial Banks Credit Covering Committee of the Central Bank of Libya called for assigning a month-to-month budget or even a quarter-year budget that would be very limited provided that it covers all the branches of the Commercial Bank.

The Committee reaffirmed Monday, in a meeting in the CBL’s Banks and Monetary Control department headquarters, that all commercial banks must understand the point behind the limited budget, pointing out that currently, financial incomes are scarcely making their way to the country’s treasury.

“All must unite nowadays and commit to the new rules that came up or things will go wrong and affect the budget allocated to each bank, and we mustn’t forget that working in banks not only for gaining profits, but also for securing the daily needs of the Libyan citizens.” The Committee stated.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to oped@libyanexpress.com. Please include ‘Op-Ed’ in the subject line.
Azara Media Azara Media
You might also like

Submit a Correction

For: Central Bank of Libya pledges tighter monthly budget

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.