Tag Archives | Banks

Libyan Banks Move to Electronic Clearing System

Libyan banks are to start using an electronic clearing system in the coming days, in a move that will facilitate the exchange of financial transactions between them. Manual clearing of transactions is to stop by the end of the year, and banks failing to fully join the electronic clearing service will be penalised. The electronic […]

Aman Bank Removed from Blacklist

Libya's Aman Bank has been removed from the National Transition Council's blacklist, which removes the danger of it being taken over and administered by the state, reports Libya Herald. The bank argued that it had not been been an associate of the Qaddafi regime nor had it been a business entity that was “inextricably linked” […]

Libya bourse resumes trading after year closure

Libya's Stock Exchange resumed trading on Thursday just over a year after the country's conflict forced it to close. Officials on the trading floor rang a bell then shouted "Allahu Akbar!" or "God is great!" to signal the start of trading on a bourse which, its backers say, could take off now that it is […]

Notes on Visit to Tripoli

Travel Arrangements I had booked return flights from London to Tunis and from Tunis to Tripoli (Mitiga) with Tunisair.  When I tried to check in for the flight from Tunis to Tripoli, I found that there had been an incident involving the Tunisair flight at Mitiga on the previous day.  Tunisair suspended its flights to […]