Audit Bureau discusses implementation of letters of credit with banks

Audit Bureau discusses implementation of letters of credit with banks

March 14, 2016 - 18:53
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Written By: AbdulkaderAssad

The Head of the Audit Bureau, Khalid Shakshak, held Sunday a series of respective meetings with a number of commercial banks’ managers to talk over the solution of the cash crisis currently dimming Libyans’ lives.

In addition, the media office of the Audit Bureau said the meetings discussed how to improve the electronic systems in the banks to facilitate opening the letters of credit and personal money transfers as well as credit cards all according to laws.

It also added that the Head of the Audit Bureau stressed on enhancing the banking sector and improving the qualifications of its employees in order to establish trust between them and the clients, especially in the Visa cards issues, which will partially help solve the liquidity crisis, pointing that it must remain under legal control to avoid forgery and fraud.