✉news BusinessBanking first seen 3 d ago, last 3 d ago, peak #11
Libya Central Bank Restores Banking Ties with Commerzbank
Original: Libya Central Bank Resumes Banking Ties with Germany's Commerzbank
The Central Bank of Libya has resumed its banking relationship with Germany's Commerzbank, according to the Libya Herald. The restoration of correspondent ties marks a step in Libya's efforts to normalise its financial relations with international banks after years of disruption linked to political instability and division over the country's banking sector. Details of the scope of the resumed relationship were not immediately given.
Why now: Restored ties between Libya's central bank and a major Western lender signal potential normalisation of Libya's access to international finance.
Central Bank of LibyaCommerzbankLibyaGermany
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