VOL. XXXVI
NO. 26
29-MARCH-1993
Financial and Banking News
REGIONAL BANKING
Libya to Allow Private Banks
Libya is to allow the formation of privately-owned banks for the first timesince all commercial banks were nationalized in 1970. The new law, whichspecifies that new banks must have a minimum capital of LD10mn ($37mn), waspublished by the official news agency on 23 March.
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