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Home Business

Several banking operations suspended due to CBL crisis

bySami Zaptia
August 26, 2024
Reading Time: 1 min read
A A
CBL receives results from meetings with international banks

Several banking operations were suspended yesterday due to the Central Bank of Libya‎ (CBL) crisis, ATIB and Nuran banks announced.

ATIB reported yesterday that all financial services provided and passed through the CBL have ceased, as follows:‎

‎1- ‎‎Purchase of foreign currency.‎

‎2- Acceptance of Sukuk.‎

‎3- Implementation of local transfers. ‎

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‎4- Passing credits and external transfers (SWIFT).‎

 

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Libya’s economy showed recovery in 2024, remained resilient despite reliance on hydrocarbons and ongoing political and security instability: World Bank

CBL demands imports are conducted through official banking instruments and the elimination of the FX black market

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