Electronic trading in Libya recorded (643) billion dinars during seven months

Tripoli, August 5, 2026 (LANA) – The total value of electronic transactions in Libya reached approximately 643 billion dinars between January and July 2026, according to data presented by the Central Bank of Libya on Wednesday during a meeting between the bank's governor, Naji Mohammed Issa, his deputy, Marai Muftah Al-Barasi, and the directors of several major commercial banks.

The data showed significant growth in the use of electronic payment methods. Transactions via instant payment services reached 252 billion dinars, while payments made using bank cards through point-of-sale (POS) terminals amounted to 33 billion dinars, across more than 270,000 POS terminals throughout Libya.

Transactions made via mobile applications reached 209 billion dinars, while transactions through the Real-Time Gross Settlement (RTGS) system reached 143 billion dinars. Transactions made via electronic wallets reached 650 million dinars, in addition to 5 billion dinars in ATM withdrawals.

The Central Bank conveyed the Governor and Deputy Governor's confirmation that these indicators reflect the expanding use of electronic payment methods and the strengthening of financial inclusion. They emphasized the importance of continuing to develop banks' technological infrastructure, adhering to IT governance regulations, and enhancing information security and cybersecurity systems to ensure the continuity of banking services and data protection.

The meeting was attended by the directors of major commercial banks (Al-Jumhouria, National Commercial Bank, North Africa Bank, Sahara Bank, and Al-Wahda Bank), along with several directors of relevant departments at the Central Bank. The purpose of the meeting was to discuss the August plan for providing cash liquidity, enhancing electronic payment services, facilitating the sale of foreign currency allocations for personal use, and developing banking services.

The Bank explained that the meeting reviewed the cash liquidity plan, confirming the readiness of commercial bank branches across Libya to begin distributing cash starting Sunday morning, according to withdrawal limits that meet citizens' needs.

He added that the meeting set the withdrawal limit at 3,000 dinars across bank branches in the western, eastern, and central regions, with 2,000 dinars available at branch teller windows and 1,000 dinars via ATMs. The withdrawal limit in the southern region was set at 4,000 dinars, with 2,000 dinars available at branch teller windows and 2,000 dinars via ATMs.

The attendees affirmed their commitment to continuously assessing the needs of different regions and considering the possibility of raising withdrawal limits in the coming period, while simultaneously ensuring the continued supply of cash to banks and their branches as required.

Regarding the sale of foreign currency allocations for personal use, the bank stated that the meeting confirmed the continued operation of bank sales centers as usual, whether through cash dispensing of foreign currency or loading bank cards, in accordance with established procedures and regulations.

...(LANA)...