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The Central Bank of Libya contracts to print 30 billion dinars to be injected into the banking sector

Pulbished on:

December 1, 2024 (LANA) - The Central Bank of Libya announced, on Sunday, that it has contracted to print 30 billion dinars to inject into the banking sector and solve the cash shortage crisis.

The bank said that the 30 billion that will be injected into the banking sector instead of the currency that will be withdrawn smoothly according to a previously included timetable.

The Governor of the Central Bank of Libya, Naji Issa, held successive meetings on Sunday to stand on the plan of the Central Bank of Libya towards solving the problem of cash shortage, according to a statement by the Central Bank of Libya.

The governor directed the directors of the departments concerned with the Central Bank of Libya, the liquidity team, and the general managers of the banks to manage this file in line with the plan approved by the Board of Directors, which includes solving this problem gradually and radically starting from January 2025.

The governor stressed the need to improve the infrastructure of banks and develop them in a way that achieves the expansion of electronic payment services according to the prepared plan.

.. (LANA)..