Jumhouria Bank Denies Opening Letters of Credit for School Textbooks
Jumhouria Bank has denied reports of opening letters of credit for a new company to print Libya's school textbooks, amid controversy and social media claims.
The bank "has not yet initiated any requests or opened any letters of credit related to school textbooks."
The bank stated that all procedures are subject to the Central Bank of Libya's regulations, which require prior approvals from competent authorities. Jumhouria Bank reaffirmed its commitment to transparency, credibility, and adherence to legal frameworks.
The bank's statement was published on its official Facebook page, addressing widespread claims on social media.
Author's summary: Jumhouria Bank denies involvement in printing Libya's school textbooks.
- Jumhouria Bank denies opening letters of credit for school textbooks.
- The bank is committed to transparency and adherence to regulations.
- All procedures require prior approvals from competent authorities.
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