In a letter leaked on Libyan media today (Reference 9/2026 dated 11/03/26), the Central Bank of Libya (CBL) instructed commercial bank managers and e-payments entities to permit official foreign residents to start using e-Wallets as a form of payment as part of its efforts to increase the volume and widen the use of e-payments and integrate more sections of Libyan society into banking and e-payments.
The bank set daily transfer limits between e-Wallets for Libyan citizens:
– Individual-to-individual transfers are permitted up to 100,000 Libyan dinars per day.
– Transfers from an individual to a company are limited to 500,000 Libyan dinars.
– Transfers from one company to another are capped at 2 million Libyan dinars per day.
The bank set daily transfer limits between e-Wallets for foreigners residing in Libya.
– The bank set daily transfer limits of 50,000 Libyan dinars for individual-to-individual transfers.
– The bank set daily transfer limit of 100,000 Libyan dinars for transfers from an individual to a company.
It will be recalled that the CBL discussed increasing e-payments with Libya’s Telecoms Holding Company (LPTIC) and e-payments companies in a meeting at its Tripoli headquarters yesterday.
During the meeting, they agreed to raise the transaction limits for electronic wallets and discussed mechanisms for integrating migrant workers into the formal economy through the e-payment system, in a step, the CBL reported, aimed at promoting financial inclusion, eliminating the informal economy, and regulating the labour market in a way that achieves economic stability for the country.
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