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Libyan cleric urges citizens to embrace banking

Posted on 22 June 2012

Libya’s Islamic cleric Sheikh Al-Sadok Ghariani has called on Libyan citizens to embrace banking and use cheques for transactions, amid reports that a huge chunk of the money in circulation in the country are outside the banking system.
Sheikh Ghariani’s call, in a statement issued here, came against the background of a disclosure by officials of the Central Bank of Libya (BCL) that more than 14 billion dinars (about US$10 billion) are in circulation outside the banking system………………………………………..Full Article: Source

 
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