Changes with Central Bank of Libya website, page 1

privacy

Pages:
ATS Members have flagged this thread 3 times

Topic started on 25-10-2011 @ 01:34 AM by veritaslibertas

It has already been speculated that the rebels have created a new central bank which will not be Libya owned like the previous one and will be part of the global banking system instead. Just thought these websites were interesting.

Current Central Bank of Libya Website is currently under construction here Central Bank of Libya

However, the original website still up here Central Bank of Libya

Just wanted everyone to see the website information before it is gone.

A few other changes with Libya recently...

US and European corporations moving back. No one ever taught them what "too soon" means?

source

Sharia law now being implemented just like the other Arab spring countries...?

source

Nice! Sharia-compliant banks with interest and fees? Seems like this also confirms reports of the rebels/new government creating a new banking system in Libya.

Abdul-Jalil’s announced ban on interest, however, does leave room for so-called “Sharia-compliant” banking. Arab Islamic countries have banned interest on loans since the time of Mohammed. But some fundamentalist Muslim states, such as Saudi Arabia and Iraq, have a hybrid banking system which they say is Sharia-compliant banking. It allows banks to earn a profit by charging extra fees when a loan is first issued. This system helps wealthy people and companies earn money from their oil-based wealth without formally charging interest. Without effective banking and an available pool of capital, Libyan companies will face difficulties when seeking investment funds to restart their economy and rebuild their oil industry.

source

Seems like the people of Libya were doing just fine before all of this.

edit on 25-10-2011 by veritaslibertas because: (no reason given)