LibyaPolitics

Libya’s Central Bank stops accepting banknotes and coins

The Director General of the Banking Supervision Authority of the Central Bank of Libya, Idris Al-Ahimir, has informed the directors of commercial banks and branch managers in the eastern region to stop the exchange or reception of financial deposits of banknotes or coins until a further notice.

In a letter directed to the banking departments Monday, the decision came as a result of the recommendations of the Supreme Committee and the Medical Consultative Committee concerned with taking measures to prevent coronavirus outbreak after their meeting with the participation of a representative from the Central Bank of Libya.

Al-Ahimir called in a previous letter addressed to the managers and the general directors of the banks to make the working time be from 9.00 am until midday, stressing the need to work in the rotational (shift) system with the aim of reducing the number of employees.

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