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Home Libya

LD 122 million family payout in April

byMichel Cousins
April 30, 2012
Reading Time: 1 min read
A A

Tripoli, 30 April:

The Central Libyan Bank has announced it has paid LD 122,377,400 between 2 April and 26 April  to Libyan families in . . .[restrict]accordance to Law No. 10.  It said that grant claims from 47,395 families had been settled during the period.

Under Law 10, drawn up to  celebrate the first anniversary of the 17 February Revolution, Libya is paying LD 1,000 for every Libyan husband, another LD 1,000 for every wife and LD 200 for every other member on the Family Identity Book.   The payout started on 2 April.

The bank also said that a newly created database had significantly improved  the procedures and prevented queues in front of banks.

It had taken the Central Bank some time to sort out the mechanics of the payment especially given the existence of forged and out-of-date family books.  In its statement issued on Sunday, it indiacted it was satisfied  with the procedures for payment of the grants, saying that it was going to plan.

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  [/restrict]

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The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

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