Mayor of Ghiryan and directors of commercial banks discuss cash crisis.
Pulbished on:
Ghiryan, 15.05.2016(Lana) Mayor of Ghiryan has discussed with
directors of commercial banks in the city, the issue of acute cash
shortages at the banks barring the citizens from obtaining their
savings.
The managers of the banks underlined that cash delivered to the
banks in Ghiryan is not enough at all, as the number of bank accounts
are not taken into consideration when delivering cash to the banks.
They also said delays in salary payments, and making such
payments in one time exacerbates the problem. On the reasons behind
the presence of large amounts of money outside the banking system,
they attributed the issue to security in the country, blackmail and
robbery in some area by kidnapping business people to blackmail them
for the payment of ransom. This forced business people to shun away
from the banking system for their own safety and that of members of
their families, they explained.
The meeting concluded the need to activate the Issuance
department of the Central Bank of Libya in Ghiryan to play its role
in providing enough cash to the banks, and coordinate with the
Ministry of Finance and public sectors to pay salaries on time
especially during religious and social occasions such as Holy month
of Ramadan and Eid.
=Lana=