Guiding budget is the main issue of CBoL.Tuesday , 02-02-2016 - 21:33:00

Tripoli, 02.02.2016(Lana) The Central Bank of Libya's Committee on Covering Bank Accounts in Foreign Currency explained that the guiding budget is the main issue of Central Bank of Libya (CBoL). In a meeting with Directors of commercial banks Monday the committee said the CBoL would be obliged to respond to the urgent needs of the Libyan market, in partnership with commercial banks. It said against the backdrop of the current situation, the CBoL would focus on opening documentary credits for basic goods such as medicine and food and not accepting any documentary credits with large sums for secondary goods. The committee urged the commercial banks to take into consideration the magnitude of the country's crisis and that the CBoL puts in place controls and fixes budgets for the commercial banks for the public good. =Lana=