The Republic Bank announced that it has received shipments of cash liquidity from the Central Bank of Libya, confirming that distribution to all its branches across various regions will begin starting tomorrow, Sunday.
The bank explained in a statement that withdrawals will be available through bank teller windows and ATMs.
A withdrawal limit has been set at 2000 Libyan dinars via checks, and 1000 Libyan dinars via ATMs, as part of its efforts to improve liquidity levels and ease pressure on customers.
Republic Bank
Republic Bank is a major financial institution in Trinidad and Tobago, originally established in 1837 as the Colonial Bank. It was later renamed in 1970 after the country became a republic, and it has since grown to become one of the largest and most prominent banks in the Caribbean region.
Central Bank of Libya
The Central Bank of Libya is the primary monetary authority of Libya, established in 1956 to issue currency and manage the country’s financial reserves. Its history has been deeply affected by the nation’s political conflicts, leading to periods where rival governments have claimed control over separate branches of the institution.
Libya
Libya is a North African country with a rich history that includes ancient Phoenician and Greek settlements, most notably at Cyrene, and later Roman rule. It was part of the Ottoman Empire before Italian colonization in the early 20th century, gaining independence as a kingdom in 1951 and later becoming a republic under Muammar Gaddafi from 1969 until the 2011 revolution. The country is home to five UNESCO World Heritage sites, such as the archaeological ruins of Leptis Magna.
