The Central Bank of Libya (CBL) reported yesterday that, according to the latest data, the number of public sector employees registered in the Your Instant Salary automated system reached approximately 1.7 million by April, compared to 2.2 million previously, representing a 75% participation rate.
The news came as the CBL announces the commencement of April salary payments through the system. The paperless system aims to achieve speed and accuracy and avoid duplication and corruption in the disbursement of state-sector salaries.
The CBL said that it had just received the April salary payment authorizations from the Ministry of Finance, and that these have now been transferred to commercial banks for immediate processing via the Your Instant Salary system. It said this system allows citizens to track their salary payments with complete transparency.
The CBL said it continues to encourage sectors that have not yet joined the system to do so, given its ease of access to salaries and its role in protecting public funds.
The Your Instant Salary system is part of the efforts to digitally transform and enhance transparency within the public financial management system, ensuring that salaries reach their recipients on time without delay.
The Central Bank said it plans to develop the system by automating the complaints mechanism and resolving issues related to undisbursed salaries in cooperation with the Ministry of Finance.
The Central Bank of Libya reaffirmed its commitment to developing digital banking services and improving the efficiency of disbursement procedures in line with the requirements of the digital transformation in the financial sector.
