This is not the first Libyan bank to do so. In June, the state National Commercial Bank (NCB) also closed for a month to update its computer system. The state banks act as safety deposit boxes and conduits for state employees to receive their salaries. State employees cause huge crowds in state banks, overwhelming their banks. The poor quality of service provided by Libya’s state banks inevitably leads to the question: When are they going to be privatised?

Source: Libya Today September 30, 2022 06:13 UTC