CBL: Electronic payments reach LYD 764.9 billion in 8 months

The Central Bank of Libya (CBL) announced Thursday that electronic payment transactions totaled approximately LYD 764.9 billion between January 1 and August 31, 2026, across various electronic payment systems, reflecting the growing use of digital payments and the expansion of electronic banking services.

The figures were announced during a meeting between CBL Governor Naji Issa, representatives of several commercial banks and Moamalat Company, as well as directors of relevant CBL departments, to review priority banking issues, including cash liquidity, access to foreign currency and the expansion of electronic payment systems.

The meeting discussed measures taken to ensure sufficient cash liquidity at commercial banks and enable them to meet citizens’ needs. It also reviewed mechanisms for distributing foreign currency and facilitating citizens’ access to foreign currency in accordance with approved regulations and procedures.

Participants also discussed the operation of the electronic payment system, plans to expand its use, and efforts to enhance the readiness of banks and the infrastructure supporting the system.

Issa stressed the need for commercial banks to comply with CBL regulations and directives, improve their performance and enhance the quality of services provided to citizens.

He also emphasized the importance of continued coordination between the CBL and commercial banks to address any bottlenecks affecting banking services, while continuously monitoring banks’ performance to ensure faster and more efficient services for citizens.