Al-Kabir, Turkish Minister of Trade discuss the bank letters of guarantee file

Al-Kabir, Turkish Minister of Trade discuss the bank letters of guarantee file

November 23, 2022 - 20:39
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Written By: LibyaMohammed

The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, accompanied by a number of Libyan bank managers, held on Monday, an extensive meeting with the Turkish Minister of Trade, Mehmet Muş, in the ministry’s office in the capital, Ankara.

Both sides discussed the bank letters of guarantee file and joint cooperation between the Libyan and Turkish banking sectors, according to the CBL media office.

The Turkish Central Bank previously issued a decision on June 10, 2020, to cancel the bank letters of guarantee issued in favor of Libyan banks.

However, President Recep Tayyip Erdogan issued a presidential decision lifting the restrictions imposed by the Turkish authorities on letters of guarantee issued by Turkish banks in favor of Libyan institutions, according to what was announced by the Minister of State for Cabinet Affairs in the Government of National Unity, Adel Jumaa, in September 2021.