The Benghazi-based Central Bank of Libya (CBL) reported yesterday that the Tripoli-based CBL had delivered over LD 4.6 billion in cash to commercial banks operating in the eastern region. This amount was delivered during the period from January to April 2023
The Benghazi CBL said this came within the framework of efforts to alleviate the liquidity crisis affecting citizens, and because of the joint work between the Central Bank of Libya Benghazi and Tripoli.
Increased ATM use and e-payments
CBL Benghazi said it should also be noted that these efforts have significantly contributed to raising the level of electronic payment services through self-withdrawal machines and through points of sale, as well as removing most of the restrictions placed on accepting instruments and clearing work on a regular basis.
It assured that these efforts will continue throughout the coming period to alleviate the cash liquidity crisis and gradually restore confidence between the citizen and the banking sector.