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Jumhouria bank main sponsor of Bahrain s AAOIFI Annual Conference
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Jumhuria bank closing its doors for a week to modernise its computer system
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The manager and five other employees at a Libyan bank were detained for embezzling hundreds of thousands of euros and replacing them with fake notes.
Tripoli, 24 October 2021 (Lana) A helicopter carrying cash to the Jumhouria Bank in Tarhuna has crashed but no was injured, a source from the Central Bank of Libya announced.The helicopter (P17) lost balance during landing and fell in the vicinity of the city, none of the members of crew was injured, and the liquidity was intact and would be delivered to the bank, the sources said.
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By
Sami Zaptia.
Sahara bank has announced an unlimited cash withdrawal policy as Libya’s liquidity improves (Photo: Sahara Bank).
London, 21 April 2021:
In a sign of the improvement in Libya’s cash crisis, more and more banks are raising their daily and weekly cash withdrawal limits for customers.
State-owned Jumhouria Bank, Libya’s largest bank, announced yesterday that it had raised its ATM withdrawal limits to LD 400 per day, 1,200 dinars per week, and 2,000 per month.
Sahara Bank, however, announced that unlimited cash will be available in all its branches.
The increased availability of cash comes on the back of efforts made by the Central Bank of Libya (CBL) to improve cash availability. On 18 April, the CBL granted banks a LD 5 billion loan to help ease the bank clearance process and the country’s bank liquidity crisis.
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