The Central Bank of Libya to reopen money transfer electronic system

The Central Bank of Libya
The Central Bank of Libya

 

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.
Azara Media Azara Media
You might also like

Submit a Correction

For: The Central Bank of Libya to reopen money transfer electronic system

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.