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Libya Updates 6/12/17
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[quote:Anonymous Coward 54153621:MV8zMDUxNjUyXzYwNjU5MzQ4XzlEMTUzRjE2] [b][i]Libya’s cash tragedy lingers as commercial banks raise costs of service[/i][/b] 12/28/16 [i]“Shortage of cash at the Libyan banks is a security issue and our bank branches have been more than once put under pressure by those who shoulder weapons.” The CEO of Al-Jomhouriya Bank, Musbah Al-Ekari said. In a statement following a workshop organized by the Administrative Control Authority in Waddan Hotel, Al-Ekari added Wednesday that fragile security made the banks decide to transfer their cash to the Central Bank of Libya, let alone the panicking businesspersons, who – out of fear, withdrew all of their money from banks.[/i] https://www.libyaobserver.ly/economy/libya%E2%80%99s-cash-tragedy-lingers-commercial-banks-raise-costs-service [/quote]
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In 2011, during the 'Arab Spring', NATO forces and western-backed militias brought down the government of Muammar Gaddafi, leader of Libya.
This thread is about the aftermath of that action.
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