The Central Bank of Libya reviewed cash liquidity, regulated access to foreign currency and the continued expansion of electronic payments. Gross electronic payment transactions reached about LYD 764.9 billion from Jan. 1 through Aug. 31, 2026, while the central bank pressed banks to improve operational readiness, compliance and service delivery.
SupervisionReviews, inspections & stress testsPayments and payment systemsLiquidity riskOperational risk and resilience
The Central Bank of Libya reviewed commercial banks’ measures to maintain cash liquidity, distribute foreign currency under approved procedures and expand electronic payments. Gross electronic payment transactions across various systems reached about LYD 764.9 billion from Jan. 1 through Aug. 31, 2026, reflecting continued growth as the central bank advances earlier efforts to broaden digital payment services and strengthen supporting infrastructure.
The meeting also examined banks’ operational readiness and measures to improve the speed and efficiency of banking services. Governor Naji Issa called for full compliance with central bank instructions, closer coordination with commercial banks, prompt action on service bottlenecks and continued monitoring of bank performance.
The Central Bank of Libya reviewed electronic payment expansion with service providers, focusing on technical barriers and stronger connectivity. Governor Fauzi Abokhzam emphasized cybersecurity compliance, business continuity and operational risk management. He also called for better service standards and broader coverage to reduce reliance on…
The Central Bank of Libya used a meeting with banks and payment companies to review the national electronic payments system, with a focus on reliability, infrastructure and service continuity. It also assessed progress on foreign currency Visa payments through domestic POS terminals, discussed wider use of electronic wallets and stressed stronger…
The Central Bank of Libya announced, at the opening of EPEX 2026, the launch of Visa card acceptance on local POS terminals, SoftPOS technology and a National Stand-In Processing Service project. The measures are aimed at expanding electronic payments, reducing cash use and improving the resilience of Libya’s payments infrastructure.