queue for days to withdraw their savings
Cash crisis pushes Libyans to virtual payments
When a cash crisis struck
Benghazi - Arab world
When a cash crisis struck the war-torn North African country of Libya, many people were forced to queue for days to withdraw their savings.
But electronic payments systems set up to tackle the dearth of cash have struggled to gain credibility amid accusations of abuse.
Said Fayez Fadlallah, 35, uses a mobile phone app to pay for a trolley-full of groceries at a large supermarket in second city Benghazi.
"Now I don't have to spend hours or even days queueing at the bank to withdraw cash," he said. "They really solved a problem for us."
Years of violence and political chaos since a 2011 NATO-backed uprising that toppled and killed longtime dictator Moamer Kadhafi have left Libya's state institutions in crisis -- including the central bank.
In 2014 it split into two, with the different branches overseen by rival governments in the west and east.
The resulting cash crisis, fuelled by spiralling inflation, caused huge queues to form at the banks and left many people unable to access their salaries.
In response, the banks have launched electronic payment systems.
source:AFP
GMT 10:25 2016 Thursday ,03 November
To undermine the LIA’s multi-million dollar litigationsGMT 13:08 2016 Wednesday ,27 July
Libya's rival government threatens oil tankers
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 08:47 2017 Friday ,18 August
5 developed schools to open in September
GMT 13:20 2017 Thursday ,04 May
IMF’s official praises approach of Gulf States
GMT 02:53 2018 Saturday ,20 January
Macron sees IS military defeat in Syria, Iraq
GMT 07:52 2017 Monday ,09 October
Saudi Arabian Monetary Authority to launch digital currency
GMT 22:51 2016 Monday ,21 November
Japanese tourism to Egypt resumed after 5-year stop
GMT 04:25 2017 Saturday ,03 June
Black Eyed Peas, Robbie Williams added to Manchester concert tomorrow
GMT 23:16 2017 Wednesday ,15 November
Trump says 'twisted' N.Korea cannot hold world hostage
GMT 17:59 2018 Wednesday ,24 October
Japan plans to sign peace treaty with Russia "Abe"
GMT 22:28 2015 Wednesday ,12 August
Suriname's Bouterse sworn in for new term
GMT 23:47 2015 Sunday ,29 November
Israel air force strikes targets in Syria near Lebanese border
GMT 22:40 2018 Friday ,19 January
President receives message from Ethiopian Premier
GMT 10:27 2015 Wednesday ,12 August
2 Japanese climbers found dead in Swiss Alps
GMT 23:56 2017 Tuesday ,19 September
King Salman orders the payment of $15 million aid for Myanmar
GMT 18:15 2017 Thursday ,27 April
HH the Deputy Emir Meets Turkish Foreign Minister
GMT 03:01 2017 Saturday ,16 December
Shock and awe as UK votes itself out of EU
GMT 20:22 2017 Friday ,15 September
Bahrain, Sri Lanka discuss labour cooperation
GMT 20:41 2017 Friday ,08 December
Works Ministry marks Bahraini Women’s Day
GMT 15:41 2017 Friday ,03 March
' Health, Environment Important Pillars of Qatar National Vision'
GMT 01:56 2017 Tuesday ,11 April
Thailand trade expo to begin in Oman
GMT 00:51 2017 Sunday ,24 September
No arrests made in connection with Stockholm truck attack
GMT 09:02 2017 Wednesday ,15 March
Test of maturity for Kohli and Smith in Ranchi
GMT 03:03 2017 Tuesday ,05 December
Turkey expects Trump to 'keep promise
GMT 04:14 2017 Friday ,25 August
Indonesia-China perkuat Poros Maritim dan Jalur Sutera
GMT 12:10 2016 Saturday ,10 December
Clock ticking on Beckham's Miami
GMT 15:50 2017 Wednesday ,30 August
Bahrain weather forecast
GMT 23:47 2017 Tuesday ,11 April
Poland to spend almost 1 mln euros on reconstructing homes in Syria
GMT 19:39 2017 Friday ,28 July
5 Egyptian soldiers killed in Sinai
GMT 15:56 2017 Wednesday ,13 September
Port Development MENA Conference to be held for the first time in Dubai
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor