Libya’s cash crisis: Not yet a bank run but no solutions soon

Libya’s cash crisis: Not yet a bank run but no solutions soon

In scenes that have become routine across Libya, 70-year-old Mohammed Al-Taib spent more than seven hours outside Jumhouria Bank’s University of Tripoli branch hoping to withdraw 2,000 dinars (363 dollars). When he finally reached the counter, he was told the bank had cut the limit to just 1,000 dinars. “Cash is available only two days a month, and the rest of the time the bank is empty,” he told Al-Araby Al-Jadeed, exhausted and frustrated. “I …