The Libyan government may issue bonds in order to help banks in the country by giving them access to tradable financial instruments, Libya’s central bank governor Saddek Omar Elkaber said Thursday. “We don’t need to raise money through selling bonds but may issue sovereign bonds to boost investment banking and create a market,” he said.
“There’s a plan to issue three licenses for Islamic banks. Some conventional banks now have Islamic windows but there is a huge need for Islamic products. We’re still in the brainstorming stage and will be ready soon.” ……………………………………….Full Article: Source