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 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 08:09 2018 Monday ,10 December
Lebanon’s property market ‘on the brink of collapse’
GMT 09:32 2018 Wednesday ,12 December
Huawei CFO gets bail; China detains ex-Canadian diplomat
GMT 12:06 2018 Thursday ,13 December
Blue light in smartphones linked to blindness and some cancers
GMT 14:00 2018 Tuesday ,11 December
Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
GMT 16:57 2018 Wednesday ,31 October
Putin to discuss relations development prospects
GMT 08:17 2018 Wednesday ,21 November
Paris, Tokyo seek to reassure after shock of carmaker Ghosn arrest
GMT 04:43 2017 Thursday ,13 July
German gamblers may have revealed secrets of ‘Game of Thrones’ season 7
GMT 20:13 2018 Wednesday ,17 October
Little possibility of Moscow, Constantinople mending ties
GMT 00:07 2017 Tuesday ,26 December
Study on thermal insulation presented
GMT 13:04 2017 Tuesday ,02 May
Plan revealed to reset existing European records
GMT 11:55 2018 Friday ,14 December
Study shows most drivers not keen on switching to electric cars
GMT 17:42 2018 Wednesday ,31 October
Launch of cargo spacecraft Progress MS-10 to ISS set for 16 November
GMT 17:17 2012 Saturday ,10 March
No agreement on red lines between Obama and Netanyahu
GMT 03:05 2017 Wednesday ,16 August
David Cameron Holds Meeting with Najib Mikati
GMT 23:41 2017 Tuesday ,17 October
Turkey, Russia foreign ministers meet for first talks
GMT 15:57 2017 Tuesday ,15 August
China warns of retaliation as Trump launches trade probe
GMT 22:07 2017 Friday ,24 November
Pakistan-Turkey defence collaboration to be further enhanced
GMT 01:18 2017 Monday ,11 September
November23rd-December21st
GMT 11:33 2017 Tuesday ,21 November
Europe will not pause' during German crisis
GMT 08:09 2016 Friday ,20 May
Global growth tops agenda as G7 meeting kicks off in Japan
GMT 15:16 2016 Wednesday ,10 February
Deutsche Bank shares soar
GMT 16:22 2018 Sunday ,21 January
New York City FC take on Abu Dhabi with Etihad Airways
GMT 15:57 2018 Sunday ,21 January
Sharjah HRD announces launch of 5th Human Resources Conference
GMT 23:34 2018 Tuesday ,16 January
Bahraini-Kuwaiti relations commended
GMT 17:52 2016 Wednesday ,09 March
Kuwait supports Egypt nominee for Arab League top post
GMT 17:32 2016 Tuesday ,23 February
United Nations Security Council concerned about use of chemical weapons in Syria
GMT 14:48 2018 Saturday ,06 January
Gulf Air cancels all flights due to fog in Bahrain
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