By Sami Zaptia.
Tripoli, 9 August 2014:
The Central Bank of Libya’s (CBL) Crises Team held an urgent meeting last Thursday with bank . . .[restrict]managers to discuss the acute crises regarding the lack of banking services being offered during Libya’s current crises.
The meeting, the CBL reported, included the Libyan Foreign Bank, Jamhuriya, Wahda and North Africa banks to discuss the supply of cash to customers, the safety and security of data and creating crises management teams to deal with the current banking crises in the country caused by fighting militias.
The banks for their part said that they were completely prepared to offer their full services so long as solutions are found to the problems of:
– security for both bank branches and money in transit
– provision of fuel for their employees so that they can travel to their place of work
– solving internet and communications problems caused by recent fighting
The CBL statement stressed that it was concluded that no liquidity problem existed at any of the banks but that the lack of opening of banks was caused by security and logistis problems, including the fuel crises.
With regards to the delivery of cash to banks across parts of Libya, it was reveal that a Ilyushin military transport plane has been made available that is able to transport cash laden armoured trucks to the distant eastern and southern areas of Libya as of next week.
As for the western region of Libya, helicopters will continue to be used for the transport of cash to banks, the CBL statement reported. [/restrict]
