Libya announces improvements for banking sector

In a bid to reform the Libyan banking sector, the country's central bank has modernised its open market operations and payments systems.

The Central Bank of Libya said this week that it had introduced repurchase agreements for the first time in its history and a new Real Time Gross Settlement (RTGS) auction system.

Ali Ramadane Chnebech, the head of research at the central bank, told Reuters, a media agency, on Tuesday that the institution had reached accords with the country's main banks to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.