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Raed: Wrong actions of commercial banks deteriorated crisis

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Read: Halt of transmissions from late 2015 till April 2016 caused various economic problems - Internet

LIBYAPROSPECT – Tripoli

The head of the General Union of Trade and Industrial Chambers, Mohamed Raed, said that the corrupt practices of the commercial banks and the waste of budget throughout 2012-2013 caused the inability of banks to provide the foreign currency needed to import basic goods and medicines.

He said, at a meeting with businesspeople and suppliers in Tripoli, the halt of transmissions from late 2015 till April 2016 caused various economic problems, especially in the private sector.

He pointed that the union is working to reopen documents canceled by the Central Bank of Libya (CBL).