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

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