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, following controversy on social media.
The bank stated on its official Facebook page:
it "has not yet initiated any requests or opened any letters of credit related to school textbooks."
The bank emphasized that all procedures are subject to the Central Bank of Libya's regulations, requiring prior approvals from competent authorities.
Jumhouria Bank reaffirmed its
"full commitment to transparency, credibility, and adherence to legal and regulatory frameworks"in all transactions.
Author's summary: Jumhouria Bank denies involvement in school textbook printing.