State owned Jumhouria Bank, Libya’s biggest bank, announced yesterday the imminent opening of a self-service cash withdrawal facility in the southern region. The facility will feature six ‘‘state-of-the-art ATMs’’.
The bank says this initiative marks a strategic step by its new management to enhance its banking infrastructure and provide advanced cash withdrawal services available 24/7.
The initiative will be very much welcomed in Libya’s southern region as the region often complains, with much justification, of being marginalised when it comes to the supply of goods and services by the coastal-based Libyan cities, including the capital Tripoli.
This marginalisation includes the lack of supply of cash, cooking gas cylinders and petrol. The shortage of goods means that these goods are often only available in the black market and at multiples of their usual market prices.
