São Paulo – The Libyan Central Bank (LCB) has announced the end of the bank withdrawal limit that had been imposed on the country’s citizens. The ruling will enter into force this Wednesday (30th), according to the African news agency Panapress. The measure was announced by the LCB governor Seddigh Al-Kebir.
He also said the new Libyan currency has been completed, and will be available within the next six months. Al-Kebir also announced that the LCB has established a committee to track Libyan assets that were transferred overseas during the old regime. According to Al-Kebir, the bank has begun working in tandem with the World Bank to that end.
Libya was shaken by popular protests that led to the ousting of the then-dictator Muammar Gaddafi last year. Elections are underway the country.
*Translated by Gabriel Pomerancblum
