Tunisia Central Bank confirms resumption of bank credits between Libya and Tunisia

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Tunisia Central Bank confirms resumption of bank credits between Libya and Tunisia

May 31, 2021 - 23:29
Written by: RabiaGolden

The Governor of the Central Bank of Tunisia (CBT), Marwan Al-Abbasi, confirmed that an agreement has been reached with the Governor of the Central Bank of Libya Saddiq Al-Kabeer, to resume bank credits within the coming period, in order to open up opportunities for small and medium Tunisian enterprises to expand.

Al-Abbasi added in statements to the Tunisian Mosaique Radio that there are funds which Libya has demanded to be frozen since 2011, in addition to funds reserved for Libyan citizens due to their lack of knowledge of customs laws and exchange arrangements in Tunisia.

He explained that a committee has been formed which includes parties from the Tunisian and Libyan customs and the two Central Banks of both countries, in order to resolve this problem.