Libya Business News
Sunday, May 28, 2023
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
No Result
View All Result
Libya Business News
  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos
Libya Business News
No Result
View All Result
Home Banking & Finance

Libya Lifts Restrictions on Bank Withdrawals to Boost Confidence

7th June 2012
in Banking & Finance
Share on FacebookShare on Twitter

Libya lifted restrictions on withdrawing money from banks in a bid to boost confidence even as the central government struggled to reestablish order months after the death of Muammar Qaddafi.

Central Bank Governor Saddek Omar Elkaber said in a statement in Tripoli today that all indications point “to a strengthening of confidence in the local banking sector.”

The Central Bank called on Libyans, businessmen and companies to “not hesitate” in depositing their money in the banks to keep it safe and allow its use in “developing the Libyan economy,” the governor said.

Elkaber said a recently approved Islamic banking law will go into effect once it’s published in the official newspapers. The central bank’s deputy governor, Ali Mohamed Salem, said on May 29 that the law will help attract deposits to Shariah- complaint lenders outside the banking system.

(Source: Bloomberg)

Tags: Central Bank of LibyaIslamic Banking

Latest News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021
Latest Oil Tenders

Latest Oil Tenders

16th March 2021

Recent News

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

Enterprise Greece Delegation in Libya to Develop Bilateral Business Ties

4th October 2021
Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

Dbaiba Meets with Eni's CEO Descalzi to Discuss Areas of Cooperation in Libya

22nd March 2021

Categories

  • Security
  • Oil & Gas
  • Industry
  • Politics
  • Construction
  • Finance
  • Tenders
  • Transportation
  • Videos

Menu

  • Home
  • About Us
  • Contact

Join our mailing list!

Sign-up to receive email updates on the latest news and developments.





© 2021 Libya Business News - Your Libyan business news partner

No Result
View All Result
  • Security
  • Oil & Gas
  • Banking & Finance
  • Politics
  • Industry & Trade
  • Construction & Engineering
  • Investment
  • Tenders
  • Transportation
  • Videos
  • Contact Us

© 2021 Libya Business News - Your Libyan business news partner

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “I Agree”, you consent to the use of ALL the cookies.