3 Hrs
Source:
عين ليبيا
Source: عين ليبيا
3 Hrsعين ليبيا
Source: عين ليبيا
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A responsible source at the Central Bank of Libya said that banks’ reports currently show no queues to obtain cash, attributing this in part to the wider use of electronic payments and confirming that any bottlenecks are being monitored. The source explained that the Central Bank intends to narrow the gap between the official and parallel exchange rates while keeping the official rate unchanged, stressing that this will require controlling spending and coordinating fiscal, monetary and trade policies. The Bank is also working to reassess the documentary credit system and strengthen oversight of beneficiaries, prices, transfers and the delivery of goods, in order to curb manipulation and the smuggling of funds.
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