State Supreme Council and CBL agree on rescue measures to boost economic situation
The UN-backed State Supreme Council (SSC) of the Government of National Accord has met with the Governor of Central Bank of Libya, Al-Siddeek Al-Kabeer, and reviews then rescue measures that the CBL had taken to ease up the current financial tragedy, the SSC Media Office announced.
The CBL said it allocated 200 million dollars a month for the money transfer transactions via Western Union and Money Gram, instead of 100 million that were allocated in the past.
It also explained that credit cards are now given 200 million dollars a month instead of 100 million, and letters of credit are open for 1.2 billion dollars, and other letters of credit to be covered with cash immediately that are worth 110 million dollars, 500 million of which will go for food goods.
The CBL also told the SSC that it agreed with the British Money Printing Company to quicken the sending of the ready Libyan currency by instalments starting next week instead of next June as was agreed.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to firstname.lastname@example.org. Please include ‘Op-Ed’ in the subject line.
- Libyan FM, UN official discuss ‘Libya Stability Initiative’ - October 20, 2021
- L’Humanité accused Morocco of using “Pegasus” to monitor individuals and governments - October 20, 2021
- Indian woman gives birth at age of 70, may be oldest to ever give birth - October 20, 2021