CBoL denies documentary credits opened unfairly.
Pulbished on:
Tripoli, 13.07.2016(Lana) Central Bank of Libya spokesman denied
charges leveled against the bank alleging opening of documentary
credits were unfair caused some importers to monopolize goods.
In a press statement the spokesman said the central bank is not
directly responsible for betting the importing companies, but the
Chamber of Commerce and Industry is the authorized body to send lists
of the companies as agreed with traders themselves.
He said the role of the central bank is merely to revising and
ensuring that they meet the criteria.
=Lana=