Jumhouria Bank Denies Opening Letters of Credit for School Textbooks
Jumhouria Bank has denied reports of opening letters of credit for a newly established company to print Libya's school textbooks.
The bank released a statement on its official Facebook page, stating that it
"has not yet initiated any requests or opened any letters of credit related to school textbooks."
The bank emphasized that all procedures are subject to the Central Bank of Libya's regulations, which prohibit opening credits without prior approvals from the competent authorities.
Jumhouria Bank reaffirmed its
"full commitment to transparency, credibility, and adherence to legal and regulatory frameworks"in all its transactions.
Author's summary: Jumhouria Bank denies opening credits for school textbooks in Libya.