The Bank of Trade and Development responds to the comments of the great friend
The Department of Trade and Development responded to what was mentioned in the Al-Siddiq Al-Kabeer briefing before the members of the House of Representatives meeting in Tripoli, confirming that it did not grant the “Libyan Arab Armed Forces any money”, noting that “the words of the great friend, the governor of the Central Bank of Libya, are incorrect.”
And the Department of Trade and Development said in a statement issued on Wednesday that “Al-Siddiq Al-Kabeer has targeted our bank since 2014, after ending our partnership with Qatar National Bank, which we consider bias towards the Qatari Bank.”
She added, “Since ending the partnership with the Qatari bank, Al-Siddiq Al-Kabeer has taken several arbitrary measures against our Libyan bank operating under Law No. 1 of 2005, which began with the suspension of credits and foreign transfers to the suspension of the bank’s clearing instruments in excess of 10,000 dinars.”
The Department of Trade and Development stated that it had tried to “cooperate with the Central Bank and resolve disputes, but Al Kabeer continued to abuse power, as he suspended foreign currencies from our bank with regard to transfers, credits, quick transfers and cards, and only allowed the grant of heads of households.”
The Department of Trade and Development pointed out that it “deplores the fallacies made by the dismissed governor, as it reserves its right to take all legal measures in order to preserve the rights of the Bank of Trade and Development.”
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The management of the Bank of Trade and Development confirmed that it is “ready to review from any party to show that what was stated by the governor, the article, is not true and has no truth.”
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