Prepaid fuel card launched for petrol stations to mitigate cash crises
By Sami Zaptia.
London, 11 January 2017:
The Fuel and Gas Crisis Committee of the National Oil Corporation’s (NOC) Brega Marketing Company is launching a prepaid fuel card to enable Libyan cash-strapped customers to pay at petrol stations. Libya is currently going through a cash-shortage crisis as a result of its acute political, security and economic problems.
These, together with sky-high-inflation, have led to customers choosing to hoard their cash at home rather than depositing them at banks with no guarantee that they would be able to withdraw their money at . . .