Bank of Commerce and Development accuses Tripoli CBL of targeting it

By Sami Zaptia.

London, 6 February 2018:

The Bank of Commerce and Development (BCD), headquartered in the eastern city of Beida, has accused the Tripoli-based Central Bank of Libya (CBL) of misusing its powers in order to stop the BCD’s banking activities across Libya.

The BCD stated that the Tripoli-CBL had frozen all foreign currency transactions to the BCD since November 2015. The Tripoli-CBL had also prevented the BCD from using the electronic cheque-clearing system for cheques above the value of LD 10,000 as a punishment for a whole year . . .

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