The Central Bank of Libya (CBL) announced yesterday that it has received the March salary disbursement authorizations from the Ministry of Finance and transferred them to commercial banks to begin processing payments through the “Your Instant Salary” digital payment system.
The CBL confirmed that the number of public sector employees enrolled in the “Your Instant Salary” electronic payment project reached 1.585 million as of March, out of 2.2 million employees when the project began, representing a participation rate of 72%.
This indicates that 28 percent, or 610,000 state-sector employees, are not electronically vetted and registered in the new system. It is suspected that an unquantified number of these employees are fake employees who are either registered in more than one job or are claiming for underaged or dead relatives. Some expats have also been discovered to have been falsely registered as Libyans, sometimes in collusion with Libyans, and are claiming a state salary.
