Libya’s central bank held its third meeting last week to discuss the mechanism for distributing the LD 2,000 payment to Libyan . . .[restrict]families ordered by the government last month. The payout of LD 2,000 for every Libyan family and LD 200 for every member of children on the Family Book was authorized under the NTC’s Act No. 10 (2012), and announced on 15 February in the run-up to the first anniversary celebrations of 17 February Revolution.
The processing of payments had already started according to the bank sources. They said a “road map” for distributing payments had officially been set, adding that the central bank’s chairman, Saddek Elkaber, had emphasized the need for a database which could be used other matters; it would be very helpful in the upcoming elections campaigns, he said.
Elkaber also stressed the need coordinate with the civil affairs department in order to avoid false claims.
Presenting a study on a mechanism for distributing payments, the head of the bank’s information and technology studies department, Khalid Abdul Qader, said it could take from three to four weeks for a database to be ready.
During the meeting, it was agreed to authorize the Central Bank’s legal department to issue regulations in relation to the Act No. 10 enabling it to distribute the monies to retail banks throughout the country. Additionally a contract will be signed with an international companies to print a million and a half family ID documents as part of the payment process. [/restrict]
