CBoL awards 81 companies credits to import flour.
Pulbished on:
Tripoli, 08.11.2015(Lana) Central Bank of Libya granted 81
companies documentary credits to import flour at the cost of 875
million Libyan dinars.
Deputy minister of Economy Ali Al-Mahjoub has underlined that the
National Salvation Government decided to continue subsidizing flour
until the CBoL puts in place a mechanism to disburse the subsidy in
cash directly to the citizens instead of food stuff subsidy.
The Libyan bakeries are currently facing difficulties obtaining
flour from the traditional channels and forced to resort to buy flour
from the mills at the cost of 790 LD per 100 Kg besides other cost
and in turn rising the price of a loaf of bread.
=Lana=