The Central Bank of Libya to reopen money transfer electronic system
The Central Bank of Libya has decided to reactivate the foreign currency transfer electronic system for the public with defined regulations.
The CBL announced that the electronic system will be connected to the national ID number system so that all citizens receive fair transactions, whether a quick one via Money Gram and Western Union, or via other types of transactions like bonds or credit cards.
The CBL’s decision comes amid a remarkable lack of liquidity in the banks across the country, which triggered a very enraged wave of discontent among citizens.
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.
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.
Latest posts by Libyan Express (see all)
- Libyans should vote to determine their future, says President Saied - May 21, 2023
- Ukraine wins access to F-16s after Zelensky meets with G7 leaders - May 21, 2023
- Al-Ahly Tripoli defeats Al-Nahda in ACCC qualifiers - May 11, 2023