Libya May Issue Sovereign Bonds

The governor of Libya’s central bank, Saddek Omar Elkaber (pictured), has said the Libyan government may issue bonds in order to give the country's banks something to trade, reports Reuters.

"We don’t need to raise money through selling bonds but may issue sovereign bonds to boost investment banking and create a market", he said.

He went on to say that the central bank’s foreign reserves, including cash and liquid instruments, now totaled $160 billion.

(Source: Reuters)

No comments yet.

Leave a Reply